Actually, Red Clay, 'colored people' is still in common use, by people who like to refrase it and add an 'of'. As in "People of color". It takes a lot of diversity training, but if you are successful you will short circuit enough people's brain cells so that they see 'people of color' as meaning something markedly different from "colored people'. Proof enough the the old United Negro College Fund add is at least halfway true: "A mind is a dangerous thing...(to waste)."
Hmmm, I wonder why they haven't changed their name to: The United Peoples of Colour College Fund.