File:Secretary Perez tours Center for Economic Progress in Chicago (28014075502).jpg

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30 June 2016- Chicago, Illinois- A key pillar of the strengthening the middle class in America is ensuring financial literacy, said Secretary of Labor Thomas E. Perez during a tour of Chicago’s Center for Economic Progress where he also discussed the impact of the U.S. Department of Labor’s recently issued conflict of interest rule. The rule requires investment advisors to work in the best interests of their retirement clients.

“Today’s workers need to be educated about the three pillars to securing their financial future their savings, their pensions and social security,” Perez said. “As we move forward to strengthen retirement security we also need to continue efforts to lift wages and increase education programs that teach people how to manage their money and plan for their own futures.”

Perez joined Sen. Richard Durbin, Illinois State Treasurer Michael W. Frerichs, Ariel Investments Chairman and CEO John W. Rogers, Jr., and Center for Economic Progress President and CEO David Marzahl to tour the center which provides tax and financial services to low-income, working families. Perez met with individuals like Frank Christ who has seen his FICO score rise dramatically since following steps from his financial counselors at the center who have been teaching him about financial literacy and planning for the future.

      • Official Department of Labor Photograph***

Photographs taken by the federal government are generally part of the public domain and may be used, copied and distributed without permission. Unless otherwise noted, photos posted here may be used without the prior permission of the U.S. Department of Labor. Such materials, however, may not be used in a manner that imply any official affiliation with or endorsement of your company, website or publication. Photo Credit: Department of Labor

Scott M Allen
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Source Secretary Perez tours Center for Economic Progress in Chicago
Author US Department of Labor

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This image was originally posted to Flickr by US Department of Labor at https://flickr.com/photos/52862363@N07/28014075502. It was reviewed on 6 September 2016 by FlickreviewR and was confirmed to be licensed under the terms of the cc-by-2.0.

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