Clinton Inspires the Trojan Kids Corner|
Nov. 11, 2014
Former President Bill Clinton served as keynote speaker during a world recording-breaking financial literacy event at Galen Center this past Sunday as part of the new USC Athletics Community Outreach Program.
Clinton joined former Los Angeles Mayor Antonio Villaraigosa, Banc of California CEO Steve Sugarman, President of Magic Johnson Enterprises Eric Holoman and author and financial expert Denise Winston in an effort to educate students from at-risk communities on the importance of budgeting and saving money.
"I think that children are our future and it's our responsibility to educate them on financial literacy," Angelica Catalan, a first-year master's student at the USC School of Social Work, said. "It starts with children, educating them so that they are better prepared for when they have jobs and money."
More than 8,000 people attended, including roughly 6,000 students from LAUSD's Beyond the Bell program, breaking a Guinness World Record for the largest ever financial literacy education event.
The former President instilled the importance of fluency in the language of money.
"Financial literacy is a very fancy term for saying, `Spend it smart, don't blow it, save what you can,'" Clinton said to a packed Galen Center crowd.
Winston shared the importance of differentiating between what people need to live and what they want.
"It's important because not everyone has the resources at home, so this is a great opportunity to make kids aware of how to be responsible with money," Roderick Burnley, a parent attending the event, said. "I didn't have that in my house, and in some households there's not a good model. So when you're able to get out and get that information and establish your own path, it's really great."
Banc of California sponsored the event in its partnership with USC Athletics and the Trojans Kids Corner Program.
The Spirit of Troy marching band, USC Song Girls and Trojan Dance Force all joined to spread excitement before the main event took the stage.
The USC Athletics marketing department blasted giveaways into the stands and distributed shirts to participants who correctly answered trivia questions related to money.
10-year-old Marley Cuevas from Montara Avenue Elementary School thought the financial literacy education event was a powerful learning experience.
"I learned a lot about saving money," Cuevas said. "It was cool because we got to see a former U.S. President."
Participants from the Beyond the Bell program stayed after the event to watch the USC women's basketball team defeat Concordia in an exhibition game, 120-56.