Bill Clinton: More Financial Education Needed for Youth

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LOS ANGELES – Former President Bill Clinton spoke to thousands of at-risk youth on Sunday, Nov. 9 about the importance of saving and spending money wisely. Held at the University of Southern California’s Galen Center, the “World’s Largest Financial Literacy Education Event,” was organized by Banc of California as part of its program to teach financial skills to kids aged 10 to 15.

“Today is the start of your financial literacy,” said Steven Sugarman, president and chief executive officer of Banc of California. Former LA Mayor Antonio Villaraigosa, who is now a senior advisor for the bank, also spoke at the event about his upbringing in Boyle Heights with a single mother.

His speech was an effort to inspire the audience of over 5,000 students from low-income communities across Southern California about the value of education, and that they too can rise above their current situation, similar to how he did. “I broke down the door because I can read and write,” Villaraigosa said, adding that he was able to reach where he is today because he stayed in school. -

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