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

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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.

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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

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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 baynalem@naacpnet.org

Or

Sabrina Terry, Economic Program Specialiststerry@naacpnet.org

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