PRESS RELEASE
Federal Deposit Insurance Corporation Each Depositor insured to at least $250,000
FOR IMMEDIATE RELEASE
December 14, 2012
Media Contact:
LaJuan Williams-Young
Office: 202-898-3876
Email: lwilliams-young@fdic.gov
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's
banking system. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing
risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its
operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information
Center (877-275-3342 or 703-562-2200). PR-145-2012
FDIC Publishes a Money Guide for Young Adults and Teens
Special Edition of Consumer Newsletter Also Features Ideas to Help Prepare Children for Financial Independence
The Federal Deposit Insurance Corporation (FDIC) today published a collection of
simple, practical tips for young adults and teens on saving, managing money, and
avoiding financial scams. This special edition of the agency's quarterly FDIC Consumer
News (Fall 2012), entitled "For Young Adults and Teens: Quick Tips for Managing Your
Money," also includes suggestions for parents and caregivers on saving for a child's
future and teaching youngsters about money.
Most of the tips in the new guide are intended for young adults. They feature ideas and
information on:
• Saving money to meet specific goals, made easier with the help of automated
services;
• Choosing and using an account for everyday banking;
• Mobile banking by smartphone;
• Building a good credit record;
• Obtaining and repaying student loans;
• Getting a good deal on an auto loan;
• Avoiding mistakes with credit cards;
• Recovering from debt or bill-payment problems; and
• Guarding against fraud, including identity theft.
The young adult section wraps up with a brief quiz based on the information presented
in this issue of the newsletter.
The tips for teens focus on how to take more responsibility for handling money, ranging
from suggestions on opening a savings or checking account to cautions about avoiding
Federal Deposit Insurance Corporation Each Depositor insured to at least $250,000
FOR IMMEDIATE RELEASE
December 14, 2012
Media Contact:
LaJuan Williams-Young
Office: 202-898-3876
Email: lwilliams-young@fdic.gov
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's
banking system. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing
risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its
operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information
Center (877-275-3342 or 703-562-2200). PR-145-2012
FDIC Publishes a Money Guide for Young Adults and Teens
Special Edition of Consumer Newsletter Also Features Ideas to Help Prepare Children for Financial Independence
The Federal Deposit Insurance Corporation (FDIC) today published a collection of
simple, practical tips for young adults and teens on saving, managing money, and
avoiding financial scams. This special edition of the agency's quarterly FDIC Consumer
News (Fall 2012), entitled "For Young Adults and Teens: Quick Tips for Managing Your
Money," also includes suggestions for parents and caregivers on saving for a child's
future and teaching youngsters about money.
Most of the tips in the new guide are intended for young adults. They feature ideas and
information on:
• Saving money to meet specific goals, made easier with the help of automated
services;
• Choosing and using an account for everyday banking;
• Mobile banking by smartphone;
• Building a good credit record;
• Obtaining and repaying student loans;
• Getting a good deal on an auto loan;
• Avoiding mistakes with credit cards;
• Recovering from debt or bill-payment problems; and
• Guarding against fraud, including identity theft.
The young adult section wraps up with a brief quiz based on the information presented
in this issue of the newsletter.
The tips for teens focus on how to take more responsibility for handling money, ranging
from suggestions on opening a savings or checking account to cautions about avoiding
identity theft when applying for a part-time or summer job. Older teens also may benefit
from many of the tips for young adults.
Guidance for parents and caregivers includes information on saving and borrowing for
college expenses, plus tips for teaching money-management skills to young people.
The goal of FDIC Consumer News is to deliver timely, reliable and innovative tips and
information about financial matters, free of charge. The Fall 2012 edition can be read or
printed at www.fdic.gov/consumers/consumer/news/cnfall12.
The FDIC encourages financial institutions, government agencies, consumer
organizations, educators, the media and anyone else to help make the tips and
information in FDIC Consumer News widely available. The publication may be
reprinted in whole or in part without advance permission. Organizations also may link to
or mention the FDIC Web site. The special edition also is available on the FDIC Web
site in a PDF format that can easily be reproduced in any quantity. Space on the back
page of the PDF version was intentionally left blank so that an organization could add its
name, logo, a special message and/or self-mailing information.
To find current and past issues of FDIC Consumer News,
visit www.fdic.gov/consumernews or request paper copies by contacting the FDIC's
Public Information Center toll-free at 1-877-275-3342, by e-mail to publicinfo@fdic.gov,
or by writing to the FDIC Public Information Center, 3501 North Fairfax Drive, Room E-
1002, Arlington, VA 22226.
To receive an e-mail about each new issue of the quarterly FDIC Consumer News with
links to stories, go to www.fdic.gov/about/subscriptions/index.html.
from many of the tips for young adults.
Guidance for parents and caregivers includes information on saving and borrowing for
college expenses, plus tips for teaching money-management skills to young people.
The goal of FDIC Consumer News is to deliver timely, reliable and innovative tips and
information about financial matters, free of charge. The Fall 2012 edition can be read or
printed at www.fdic.gov/consumers/consumer/news/cnfall12.
The FDIC encourages financial institutions, government agencies, consumer
organizations, educators, the media and anyone else to help make the tips and
information in FDIC Consumer News widely available. The publication may be
reprinted in whole or in part without advance permission. Organizations also may link to
or mention the FDIC Web site. The special edition also is available on the FDIC Web
site in a PDF format that can easily be reproduced in any quantity. Space on the back
page of the PDF version was intentionally left blank so that an organization could add its
name, logo, a special message and/or self-mailing information.
To find current and past issues of FDIC Consumer News,
visit www.fdic.gov/consumernews or request paper copies by contacting the FDIC's
Public Information Center toll-free at 1-877-275-3342, by e-mail to publicinfo@fdic.gov,
or by writing to the FDIC Public Information Center, 3501 North Fairfax Drive, Room E-
1002, Arlington, VA 22226.
To receive an e-mail about each new issue of the quarterly FDIC Consumer News with
links to stories, go to www.fdic.gov/about/subscriptions/index.html.