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

ASSET BUILDING
State Savings Arrangements Safe Harbor

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


ASSET BUILDING and NEW AMERICA
Share the Wealth

Reid Cramer, director of the Asset Building program at New America, was quoted in an article for AARP.


ASSET BUILDING and NEW AMERICA
The American Dream Lives

Reid Cramer, director of the Asset Building program at New America, was featured in an article for The Washington Times.


ASSET BUILDING and NEW AMERICA
Addressing the Challenge of Account Dormancy in Youth Savings Initiatives

This paper discusses a framework for understanding the challenge of account dormancy in large-scale, account-based initiatives.


The Pitfalls of the Sharing Economy

Millennials are disproportionately engaged in the share or gig economy after coming of age in the shadow of the Great Recession. Reid Cramer


ASSET BUILDING
Millennials, Money and The Washington Monthly

Millennials, Money, and The Washington Monthly.


ASSET BUILDING
Flexible Savings is the Missing Foundation for Financial Security

In an ideal world, planning family finances to meet needs would be clear-cut. But in the real world, cash comes in without predictability.


Flexible Savings: The New Path to Financial Security

Financial planning seems simple in theory, but it’s far more difficult in practice. How do we address those difficulties?


ASSET BUILDING and FAMILY-CENTERED SOCIAL POLICY
Flexible Savings

The lack of flexible savings is a problem not only for lower-income families, but affects households at nearly all levels of income.


ASSET BUILDING, BETTER LIFE LAB and FAMILY-CENTERED SOCIAL POLICY
Strengthening Ties

The first report from New America's Family-Centered Social Policy Initiative examines how policies are working against families.


ASSET BUILDING and FAMILY-CENTERED SOCIAL POLICY
Connect Every Child to a Lifelong Savings Account

A proposal to reorient policy towards savings and away from an exclusive focus on income.


ASSET BUILDING
She Wants to Kill Your 401(k)

Reid Cramer, director of the Asset Building program at New America, was quoted in an article for OZY.