26-year-old’s mission: Create 1 million jobs

>>> with record high unemployment rates and soaring student loan debt, times are tough for college grads, but one organization is trying to change that with the help of some familiar faces.

>> when i was growing up, i always thought that i would go to college and then i would get some job that i hated. at least it would be a job. albeit one that i hated, but now i suppose when -- when kids are in college and growing up, they feel like they won't even be able to get a job so that's kind of tragic.

>> larry david , 26-year-old matthew segal is the founder and president of our time and organization, an organization that hopes to create 1 million new service jobs for americans. good morning.

>> good to be here.

>> let's start with the numbers because they are pretty staggering. 1 in 6 people unemployed and 1 in 3 lack insurance and many of them saddled with student loan debt. how bad is this?

>> i fear we're going to lose the productivity of an entire generation, and when you and i invest in a company in the private sector, we expect a return on investment because we think that we're going to get money coming back, yet we've not invested in the human capital of young people , and by expanding these americorps programs and by expanding nationaler is vicious not only are you giving young people the critical skills training they need, but you're taking on community problems like our grandparents who need nursing, like classrooms that are overcrowded that need teachers, like disaster relief areas that need cleaning up, and our idealism can match with those problems to fill the void, thereby creating opportunity and get a generation back to work.

>> so you started our times, an organization as a way to stand up for young americans , and your goal is to create 1 million jobs. how are you going about doing this?

>> this is a voter and economic organization. we're aggregating our generation to stand up for our rights and opportunities as we age and strive for financial dependence, much akin to how aarp has done that for seniors, and in terms of job opportunities, that's first and foremost. the other thing we're doing is registering voters because the founding premise of our organization is that you only have power if you vote, and in that regard we realize that money is appropriated on the basis of groups who turn out, and we need to show up at the polls and we've been registering people.

>> 50,000 people yesterday, voter registration .

>> matthew, thanks so much and good luck to you.

>> my pleasure.

>> coming up hoda and kathie lee with five steps on how to be famous, but first your local news and