Reid Cramer

Director, Millennials Initiative

Reid Cramer is director of the Millennials Initiative at New America. Previously, Cramer was the director of the Asset Building program, which aims to promote policies and ideas that significantly broaden access to economic resources through increased savings and asset ownership, especially among lower-income families. The program has championed innovative public policies designed to enable families in the United States and around the world to accumulate savings, access wealth-building financial services, develop financial capability, and build and protect productive assets across the life course. Previously, he served as the program’s research director and as a co-director of New America's Next Social Contract initiative, an effort to examine the delivery of social policy for the 21st century. His work has provided analytical support for the development of a range of policy proposals, including the ASPIRE Act, a bipartisan proposal to create a savings account for every newborn child in America, AutoSave, a unique model that automatically diverts payroll into flexible savings accounts, and The Saver’s Bonus/Financial Security Credit, which provides a targeted incentive to contribute to savings products at tax time. His recent work includes The Assets Perspective: The Rise of Asset Building and its Impact on Social Policy (Palgrave MacMillan) and Millennials Rising: Next Generation Policies in the Wake of the Great Recession (New America).

Prior to joining New America, Cramer served as a policy and budget analyst at the Office of Management and Budget, where he helped coordinate policies on housing, savings, economic development, and program performance evaluation. He has worked for a range of nonprofit housing and community development organizations, the National Research Council, and the Urban Institute. He has a doctorate in public policy from the LBJ School of Public Affairs at the University of Texas at Austin, as well as a master's degree in city and regional planning from the Pratt Institute and a bachelor of arts degree from Wesleyan University.

All Work

MILLENNIALS INITIATIVE
Millennials Must Resist Trump's 'Trickle-Down' Tax Reform

Reid Cramer wrote for The Hill about the Trump's tax plan, which he believes will increase inequality and hand the bill to millennials.


ASSET BUILDING
Congress Must Resist Attacks on State Retirement Savings Plans

Reid Cramer wrote for the Hill on Congress's latest attempt to kill Secure Choice.


ASSET BUILDING and FAMILY-CENTERED SOCIAL POLICY
How to Make Social Policy Help Those Who Need it Most

Reid Cramer wrote for the Hill about Family-Centered Social Policy's new approach to designing social policy.


ASSET BUILDING
California Shows How to Fill the Retirement Security Void

Reid Cramer wrote for the Hill about California's new state-run retirement plan.


Improving the State of Our Welfare State

Reid Cramer looks at how the social safety net was knit—and how it might still be strengthened.


ASSET BUILDING and NEW AMERICA NYC
Chain of Title

Foreclosure fraud has undermined the financial security of millions of Americans, and three ordinary people are fighting back.


ASSET BUILDING and NEW AMERICA NYC
Chain of Title

Foreclosure fraud has undermined the financial security of millions of Americans, and three ordinary people are fighting back.


ASSET BUILDING
Foreclosure Fraud in the Wake of the Great Recession

Join us for a discussion of foreclosure fraud in the wake of the Great Recession and how it led to new policy tools.


ASSET BUILDING and FAMILY-CENTERED SOCIAL POLICY
The Return on Investment in Affordable Housing

Reid Cramer and Patricia Hart look at the true cost of lack of affordable housing in America.


ASSET BUILDING and NEW AMERICA
Emergency Savings Incentive Needed to Grow a Strong Middle Class

Reid Cramer wrote for the Hill about the disconnect between American's vision of "middle class" and their realities.


Hey, Congress, No Time to Leave the Dance Floor

Congress and the White House are once again engaged in annual budgetary dance. Reid Cramer writes on one part of the proposal that should ma


ASSET BUILDING
State Savings Arrangements Safe Harbor

Comments to the Department of Labor regarding its proposed safe harbor rule for state savings arrangements.