Civil rights organizations Essay Example | Topics and Well Written Essays - 500 words

Civil rights organizations - Essay Example Recent economic crisis of the US has further aggravated the wealth inequality among the races. It is pertinent to note that between 2005 and 2009, median wealth of Hispanic households has reduced by 66% with only 16% wealth reduction among white households.African Americans or other people of color are less likely to invest in homes and retirement plans in comparison to Whites due to their lesser incomes. It has also been found that almost 31% of Hispanic and 35% of black households have nil or negative net worth; in comparison, the proportion of white households with nil or negative wealth is just 15 percent (NAACP: Our Work). The economic inequality that prevails in the US society, currently, is enormous and the NAACP is committed to bridge those gaps. In a bid to reduce it, the NAACP aims to work with government and industry to help them formulate an appropriate model that can reduce large economic gaps that exist within the society. The NAACP also aims at empowering local communi ties with the necessary resources to secure their educational advancement as a tool to bring economic equity in the society (NAACP: Our Work). Some of the measures that the NAACP has streamlined can be described as fair lending, diversity and inclusion, financial education, and community economic development. Nine banking principles developed by the NAACP aim at bringing fairness to the people of color along with improving their relationships with financial institutions so that they can avail mortgage loans without any difficulty.