COSTA MESA — Former U.S. Treasurer Rosario Marin paid a surprise visit on Thursday to a Costa Mesa summer school class to talk to young entrepreneurs about one thing that she knows best: money management.
More than 30 would-be businesswomen are participating in Girls Inc.'s Youth Empowerment and Self Sufficiency (YESS) summer program, where skills such as managing a checking account, paying rent, and even how to apply for a business license are covered in an interactive setting.
"This is literally a life-changing program," said Marin, who served under President George W. Bush from 2001-03. "These girls are becoming aware of the financial system at an early age, and they won't fall prey to the people who take advantage of others who are without the same knowledge."
In an age where 73% of young adults lack basic financial literacy, according to a 2010 study by the Journal of Economic Affairs, the 9- to 11-year-old students participating in the Westside charity's program may know more about balancing their checkbooks than their parents.