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

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.

Freedom Summer and Ferguson, MO

Join New America NYC for a screening of segments from Freedom Summer side-by-side with new videos from Ferguson, MO.

Ideas to Improve Financial Lives, From the Treasurer’s Office

Reid Cramer, director of the Asset Building Program at the New America, was quoted in an article for the New York Times.

5 Ways America is Failing Millennials

If you're between 18 and 34 years old, you should be getting ready for the prime of your life—at least according to recent history.

A Multi-Generational Approach to Global Poverty Alleviation

Some view the youth-centric political climate as problematic, but advocates encourage inclusion as an means for opportunities.

NYC: Rich Hill

Rich Hill, Missouri, a once thriving coal town home to 1,400 people, is mined out, but even in deep poverty, its residents hold out hope.

Why Do Chinese Students Know More About Money Than Americans Do?

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

Children's Savings Accounts

Research and experience in the field consistently supports the thesis that CSA's can help the next generation achieve the American Dream.

Children's Savings: How Far We've Come

An introduction to Children's Savings Accounts (CSAs).

Obama's myRA Proposal Needs Flexibility

Will it be attractive enough as a savings plan to get both employers and workers to participate?

Should We Save Like the Singaporeans Do?

In the half-century since its independence, Singapore has leveraged its access to the global economy, and a number of innovative policies.

Solving the Retirement Puzzle

MyRAs could help to achieve the dual goal of promoting both short- and long-term financial security.