NAACP NATIONAL ECONOMIC DEPARTMENT
Icebreaker Introductions
NAACP
• National Association for the Advancement of Colored People
• Founded in 1909
• Mission is to ensure the political, educational, social, and economic equality of rights of all persons and to eliminate race-based discrimination.
NAACP National Programming• Membership
• Operations
• Programs▫ Economics▫ Education▫ Health▫ Environmental and
Climate Justice▫ Criminal Justice▫ Voting Rights▫ ACT-SO
National Staff
Staff Conferences
Youth and College Chapters
Local Units/ Branches
Every person will have equal opportunity to achieve
economic success, sustainability, and financial
security.
Economic Game Changer
Economic Objectives
• Local communities with the necessary education, resources and partnerships to develop sustainable economic models that advance diversity and equity.
EMPOWER
•That government and industry are knowledgeable, and committed to bridging racial inequality particularly as it relates to employment, wealth, lending and business ownership.
ENSURE• A movement of
concerned citizens and organization who work together to produce an inclusive and strong middle class economy for the 21st century.
GROW
Economic Program Areas
ECON EDUCATION
COMMUNITY AND ECON
DEVELOPMENT
FAIR LENDING
DIVERSITY &
INCLUSION
NAACP Opportunity & Diversity Efforts
National Partnerships
African Americans and Economic Justice
• Race and Economics in the United States• The Founding of the NAACP• The Great Migration: Looking for Economic
Opportunity• The Great Depression: Fighting for Economic
Inclusion• The Civil Rights Victory and Struggle for Greater
Inclusion• The Civil Rights Economic Focus• Post Civil Rights Advances• The Contemporary Barriers to Greater Racial
Economic Equity
History of Racial Economic Inequality
Wealth in the form of land was appropriated from the Indigenous peoples of this country and enslaved Africans were imported to the
United States as the wealth of white Americans.
Race and Economics in the US
• Springfield, Illinois was a rapidly-growing industrial center at the turn of the century
• Fierce job competition and the use of black workers as strike breakers during labor strikes caused increased tension
• An attack by a white mob against the black section of Springfield spurred the creation of the NAACP
The Springfield Race Riot of 1908
Founding of the NAACP
African Americans migrated from the South to industrial cities in the North, Northeast and West
to pursue better economic opportunities and escape the racism of the South.
1910 – 1930’s: Great Migration
• The Great Depression was the longest and deepest economic crisis of the 20th century.
• The NAACP directed its focus to economic justice issues as the Great Depression was disproportionately disastrous for African Americans.
1929 – 1940’s: Great Depression
Goals of The Freedom Budget
• 1. Abolition of poverty• 2. Full employment• 3. Full production / high
economic growth• 4.Adequate minimum wage• 5. Farm income parity• 6. Guaranteed income for those
who can’t work• 7. Decent homes for all• 8. Modern health services for
all• 9. Full educational opportunity
for all• 10. Better social security and
welfare• 11. Equitable tax and money
policies
The Civil Rights Economic Focus
The growing economic inequality in our country has made the Great Recession so damaging. Middle class and poorer Americans do not have the income to get our consumer based economy going again.
From the Great Depression to the Great Recession
Racial Wealth Divide Today
KEY TAKEWAYS • KNOW, UNDERSTAND AND COMBAT THE INEQUITIES
•THINK, SPEAK AND ACT ECONOMICS
• TRANSITIONING FROM CONSUMING TO PRODUCING
20
Understanding IncomeWhat is Income?
“Income is the total of all money earned.”
Income comes from the sum of all wages, salaries, profits, interest,
payments, rents and other forms of earnings received from employment
and investments.
21
Median Family Income by Race, 2012
22
Understanding Wealth
What you
OWN
What you
OWEWealth
LOANS CREDIT CARD
DEBTMORTGAGE
CUSHION,SECURITY BLANKET,
INVESTMENT POTENTIAL
23
Median Household Wealth by Race, 2010
African American Economic Empowerment
WEALTH BUILDING 101
24
Wealth, Income. So, What???Question: How is wealth different than income?
Question: Is it possible to have negative wealth?
Question: What are examples of assets that lower-income people might have?
Question: What are examples of asset owned by middle-income people?
Question: What are examples of assets owned by the top one percent?
Asset Building Ladder Overview
ONGOIN
G
SKIL
LBUIL
DIN
G
ONGOIN
G P
OLI
CY
ADVOCACY
EDUCATION AND TECHNICAL TRAINING
STABLE INCOME
INVEST
ATTAIN PROFESSIONAL BENEFITS
REDUCE DEBT/ BUILD CREDIT
SAVE
Workforce DevelopmentEntry level Finance and Banking Opportunities
Associate Degree Programs
MBA/PHD
Associate Degree Programs
MBA/PHD
Assistant Manager
Leadership Development
Program
Assistant Manager
Leadership Development
Program
Technology Programs
Program AnalystProgram Analyst
.
Assistant Managers are responsible for learning, executing and leading each of the roles within the Banking Center. During this 12-18 month rotational program, you will learn the fundamentals of the Banking Center in the following key roles: Personal Banker, Sales and Service Specialist, Assistant Manager, Teller, Teller Operations Specialist, and Banking Center Manager and you will be expected to meet and exceed aggressive sales goals and service targets. There is an intense training given that will cover all aspects of your responsibilities.
Assistant Managers are responsible for learning, executing and leading each of the roles within the Banking Center. During this 12-18 month rotational program, you will learn the fundamentals of the Banking Center in the following key roles: Personal Banker, Sales and Service Specialist, Assistant Manager, Teller, Teller Operations Specialist, and Banking Center Manager and you will be expected to meet and exceed aggressive sales goals and service targets. There is an intense training given that will cover all aspects of your responsibilities.
In order to become a full-fledged Merrill Lynch Financial Advisor (FA) you must first complete a 43 month Practice Management Development (PMD) program that will engage you in all the roles required of a FA. For example you will be responsible for effectively obtaining and serving potential clients, capitalizing on referrals, assessing customer needs, delivering the full resources of Bank of America and Merrill Lynch to the client, and delivering highly customized solutions to meet client needs, In addition, advisors are responsible for providing recommendations on investment products and services that are suitable for prospects and clients while balancing investment management, sales activities, customer service, new client development and other administrative duties.
In order to become a full-fledged Merrill Lynch Financial Advisor (FA) you must first complete a 43 month Practice Management Development (PMD) program that will engage you in all the roles required of a FA. For example you will be responsible for effectively obtaining and serving potential clients, capitalizing on referrals, assessing customer needs, delivering the full resources of Bank of America and Merrill Lynch to the client, and delivering highly customized solutions to meet client needs, In addition, advisors are responsible for providing recommendations on investment products and services that are suitable for prospects and clients while balancing investment management, sales activities, customer service, new client development and other administrative duties.
Merrill Lynch Financial Advisor
Program(Business
Developer)
Merrill Lynch Financial Advisor
Program(Business
Developer)
Working for one of the business divisions, you will design, develop and deploy state-of-the-art applications. As a part of Technology, you'll participate in design, development and implementation, as well as evaluation of complex systems and applications that affect the entire business.
There are 19 programs under this pathway of huge variety, for example: Audit, Chief Finance Office, Consumer Banking, Global Banking and Markets, Global Commercial Banking, Global Risk, Legal, Compliance, regulatory relations, Global Technology and operations. As an analyst you will participate in a comprehensive training program that combines instructor-led and web-based classes with on-the-job training and networking.
There are a range of associate programs that allow you to build on your MBA or advanced degree, transforming your knowledge and experience into real-world opportunities. There are a total of 5 associate programs that fall under the various segments: Consumer Banking, Global Banking and Markets and Global Technology and Operations.
For more information visit: http://careers.bankofamerica.com
Analyst ProgramAnalyst ProgramSummer Analyst ProgramSummer Analyst ProgramIf you are in your last year of undergraduate or
Master's degree study, Citibank's Full-Time Analyst Program just might be a perfect fit. Citibank is looking for bright, accomplished, highly motivated candidates with outstanding communication skills and a true passion for business. Our in-depth training program,
mentorship opportunities, and senior management and client interactions will help launch you on your
career path as an Analyst.
If you have one year left in your undergraduate or Master's Degree studies, our
ten-week Summer Analyst Program is the ideal way to check out Citi. You will
participate in a weeklong comprehensive training program, followed by programs like
our Distinguished Speaker Series, and an opportunity to become involved in our formal
mentor program that prepares you to be a full-time Analyst.
Summer Associate ProgramSummer Associate ProgramIf you have one year left in your MBA, JD or PhD
program, our ten-week Summer Associate Program is a great way to see first-hand what Citi is all about. You'll
participate in a weeklong comprehensive training program, and then jump right into the role of a full-time Associate. You'll be able to take advantage of
programs like our Distinguished Speaker Series and our formal mentor program. When you are through, you will have the skills you need to be successful as a full-
time Associate.
Summer Associate ProgramSummer Associate ProgramIf you are in the last year of an MBA, JD or PhD
program, our Full-Time Associate Program is just what you need to kick off a great career at Citi. Citi is looking
for candidates with wide-ranging backgrounds and interests to complement the diverse talents of our
outstanding Associates. Our intensive training program is run by some of the best minds in the business, and together with your real-world experience and senior
executive exposure, we are confident you will flourish and grow.
For more information visit: http://careers.citibank.com/Careers/NAMCitibank.jsp
Full-time Undergraduat
e Opportunities
Full-time Undergraduat
e Opportunities
Summer Undergraduate
Programs:
1. Investment Banking2. Research
3. Public Finance4. Private Bank5. Management Associate Program
6. Finance Associate Leadership Program
Full Time Post-
Graduate Programs
Full-time PHD Opportunities:
1. Quantitative Research
2. Fixed Income Strategy
Full-time Programs
1. Finance Summer Internship
2. Human Resources Summer
Internship Development Program
3. Operations Summer Internship
Development Program4. Audit Summer
Internship
Internship Programs:1. Chase Leadership Development Summer
Analyst2. Chase Leadership
Associate3. Client Service Internship
Program4. Commercial Banking
Analyst Program5. Commercial Lending
Internship ProgramFor more information visit: https://careers.jpmorganchase.com/career/careerhome
1. Finance Analyst2. Human Resource
Analyst 3. Operations Analyst
Development Program
4. Technology Analyst Development
Program5. Audit Analyst
1. Leadership Development
Program Analyst2. Leadership
Development Program Associate
3. Commercial Banking Analyst
4. Commercial Term Lending Analyst
Career OpportunitesUS Bank offers a variety of
careers in the following categories:
Accounting/Finance Administrative/Clerical
Branch BankingCompliance/Quality Control
Credit/LendingCustomer Service/Call
CenterExecutive Positions Human Resources
Information TechnologyInvestments/Insurance
For an informational PDF visit: file:///C:/Users/TMC/Downloads/Your%20Career%20is%20Here%20brochure.pdf
Marketing
At U.S. Bank, embracing diversity
and fostering inclusion are
business imperatives.US Bank views
everything it does through a diversity
and inclusion lens to deepen relationships
with stakeholders: employees, customers,
shareholders and communities.
Diversity and Inclusion
Undergraduate Programs
For more information visit: https://www.wellsfargo.com/careers/
MBA Programs1. Wells Fargo Securities
2. Commercial Real Estate3. Commercial Banking 4. Wealth, Brokerage &
Retirement
The programs below aim to develop current undergraduates of all majors and
backgrounds for development programs in the following business groups:
1. Audit 2. Commercial and Corporate Lending
3. Commercial Real Estate 4. Chief Administrate Office5. Leadership Development
6. Wealth, Brokerage & Retirement7. Wells Fargo Securities
Stay In Touch!! sour
For more information, please contact:
Betty Aynalem, Economic Education and Outreach Specialist [email protected]
Or
Sabrina Terry, Economic Program [email protected]
Follow the NAACP Economic Department on
Twitter @NAACPEcon and like us on FB @ NAACP Financial Freedom Campaign
“We should measure the prosperity of the nation not by the number of millionaires but by the absence of poverty; the
prevalence of health; the efficiency of the public schools; and the number of people who can, and do read worthwhile
books.”
W.E.B Du Bois