NAACP NATIONAL ECONOMIC DEPARTMENT Icebreaker Introductions NAACP National

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 • Programs ▫ Economics ▫ Education ▫ Health ▫ Environmental and Climate Justice ▫ Criminal Justice ▫ Voting Rights ▫ ACT-SO • Operations National Staff Conferences Youth and College Chapters Local Units/ Branches

Economic Game Changer Every person will have equal opportunity to achieve economic success, sustainability, and financial security.

Economic Objectives • Local communities with the necessary education, resources and partnerships to develop sustainable economic models that advance diversity and equity. EMPOWER ENSURE • That government and industry are knowledgeable, and committed to bridging racial inequality particularly as it relates to employment, wealth, lending and business ownership. • A movement of concerned citizens and organization who work together to produce an inclusive and strong middle class economy for the 21 st 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

History of Racial Economic Inequality • • 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

Race and Economics in the US 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.

Founding of the NAACP The Springfield Race Riot of • Springfield, Illinois was a 1908 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

1910 – 1930’s: Great Migration 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.

1929 – 1940’s: Great Depression • The Great Depression was the longest and deepest economic crisis of the 20 th century. • The NAACP directed its focus to economic justice issues as the Great Depression was disproportionately disastrous for African Americans.

The Civil Rights Economic Focus 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

From the Great Depression to the Great Recession 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.

Racial Wealth Divide Today

KEY TAKEWAYS • KNOW, UNDERSTAND COMBAT THE INEQUITIES • THINK, SPEAK AND ACT ECONOMICS • TRANSITIONING FROM CONSUMING TO PRODUCING

20 Understanding Income What is Income? “Income is the total of all money earned. ” Incomes 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 OWE Wealth LOANS CREDIT CARD DEBT MORTGAGE CUSHION, SECURITY BLANKET, INVESTMENT POTENTIAL

23 Median Household Wealth by Race, 2010

24 African American Economic Empowerment WEALTH BUILDING 101

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 lowerincome 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 ATTAIN PROFESSIONAL BENEFITS ON GO AD IN VO G P CA OL CY ICY SK ON IL GO LB I UI NG LD IN G INVEST REDUCE DEBT/ BUILD CREDIT SAVE STABLE INCOME EDUCATION AND TECHNICAL TRAINING

Workforce Development Entry level Finance and Banking Opportunities

For more information visit: http: //careers. bankofamerica. com Technology Programs 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. Program Analyst 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. Associate Degree Programs MBA/PHD There 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 a total of 5 associate programs that fall under the various segments: Consumer Banking, Global Banking and Markets and Global Technology and Operations. Assistant Manager Leadership Development Program Merrill Lynch Financial Advisor Program (Business Developer) 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 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.

Summer Analyst Program 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 Program If 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. For more information visit: http: //careers. citibank. com/Careers/NAMCitibank. jsp Summer Associate Program If you have one year left in your MBA, JD or Ph. D 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 fulltime 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 fulltime Associate. If you are in the last year of an MBA, JD or Ph. D program, our Full-Time Associate Program is just what you need to kick off a great career at 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.

Full-time Undergraduate Opportunities Full-time Programs Full Time Post-Graduate Programs 1. Finance Analyst 2. Human Resource Analyst 3. Operations Analyst Development Program 4. Technology Analyst Development Program 5. Audit Analyst 1. Leadership Development Program Analyst 2. Leadership Development Program Associate 3. Commercial Banking Analyst 4. Commercial Term Lending Analyst Summer Undergraduate Programs: 1. Finance Summer Internship 2. Human Resources Summer Internship Development Program 3. Operations Summer Internship Development Program 4. Audit Summer Internship Investment Banking 2. Research 3. Public Finance 4. Private Bank 5. Management Associate Program 6. Finance Associate Leadership Program Full-time PHD Opportunities: Internship Programs: 1. Chase Leadership Development Summer Analyst 2. Chase Leadership Associate 3. Client Service Internship Program 4. Commercial Banking Analyst Program 5. Commercial Lending Internship Program 1. Quantitative Research 2. Fixed Income Strategy For more information visit: https: //careers. jpmorganchase. com/careerhome

For an informational PDF visit: file: ///C: /Users/TMC/Downloads/Your%20 Career%20 is%20 Here%20 brochure. pdf Diversity and Inclusion 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. Career Opportunites US Bank offers a variety of careers in the following categories: Accounting/Finance Administrative/Clerical Branch Banking Compliance/Quality Control Credit/Lending Customer Service/Call Center Executive Positions Human Resources Information Technology Investments/Insurance Marketing

For more information visit: https: //www. wellsfargo. com/careers/ MBA Programs 1. Wells Fargo Securities 2. Commercial Real Estate 3. Commercial Banking 4. Wealth, Brokerage & Retirement Undergraduate Programs 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 Office 5. Leadership Development 6. Wealth, Brokerage & Retirement 7. 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 Specialist sterry@naacpnet. org Follow the NAACP Economic Department on Twitter @NAACPEcon and like us on FB @ NAACP Financial Freedom Campaign

W. E. B Du Bois “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. ”