Ownership & Assets

Increasing College Completion Among Low-Income Students through Savings

Earlier this year, the Obama Administration released a bold new plan for improving the state of higher education in the United States. Its fiscal year 2010 budget proposal included several items aimed at increasing postsecondary education enrollment and completion rates, and decreasing the financial burden that college represents to many lower and middle class families. [1] These proposals include reforming the federal student loan program, expanding Pell Grants for low-income students, and creating a new College Access and
David Newville, Mark Huelsman | October 2009

We Need to Fix How We Measure Poverty

From climate change to redistricting, New York City Mayor Michael Bloomberg and Gov. Arnold Schwarzenegger have teamed up on a number of issues. It's time to add another to the list -- updating the antiquated and misleading way we measure poverty.

It may seem like an odd concern for the Republican duo. But Bloomberg took the lead on the issue last year when conditions in New York City were similar to those California faces today: The economy was down; need was… more

Anne Stuhldreher | Sacramento Bee | October 13, 2009

The New America Foundation and Columbia University Receive Grant to Launch Child Development Account Policy Pilot in Niger Delta

The Bayelsa State Government located in the delta region of Nigeria awarded Columbia University and the New America Foundation's Global Assets Project a grant to design and launch a child development account (CDA) pilot, which will test the impact of matched savings accounts for children in low-income households. This

Fred Ssewamala, Jamie M. Zimmerman | October 13, 2009

Meet the Hazzards

As we mark the end of the first year of the financial bailout, the public seems to regard the government's actions with a toxic combination of rage and confusion. People are pissed off but too bewildered to know what to do with that anger. The confusion isn't an accident. The government hasn't exactly been forthcoming about how it's made buckets of money available to the banking sector. When it does disclose some information--such as in July's SIGTARP report from the Treasury or the Federal Reserve's weekly balance… more

Christopher Hayes | The Nation | October 12, 2009

Penny Pincher

I have a confession: I love my huge television. A couple of years ago, thanks to a very large Amazon.com gift certificate and a very poor grasp of measurements, I adopted a 50-inch plasma. It utterly dominated my tiny living room until I finally moved, yet even then I loved it. The vivid colors and enormous crystal-clear picture were a worthy substitute for the cinema. Video games were even better -- and "Blade Runner" on Blu-ray was sublime. It ended up being a very costly purchase,… more

Megan McArdle | New York Times | October 8, 2009

Bank Buster | Mother Jones

"Regulating financial products based on fairness, simplicity, and appropriate risk is an entirely new paradigm," notes Reid Cramer, director of the New America Foundation-Asset Building Program ...
Reid Cramer | October 8, 2009

Congress Is Riled Up | WIBW

They clearly know something is coming," said Melissa Koide of the New America Foundation, a left-leaning Washington policy group. "It's a very big populist ...
Melissa Koide | October 7, 2009

Overdraft Fees | CNN Money

"They clearly know something is coming," said Melissa Koide of the New America Foundation, a left-leaning Washington policy group. "It's a very big populist ...
Melissa Koide | October 7, 2009

ASPIRE Act | U.S. News & World Report

The purpose of the accounts, says Reid Cramer, director of the Asset Building Program at the New America Foundation, is to get people invested in their future.  ...
Reid Cramer | October 6, 2009

Fearful Asymmetry: The Tiger Ages Badly | ai5000

Reid Cramer, Director of the Asset Building Program at the New America Foundation in Washington, D.C., who researches the operation of provident funds, says they may be potentially valuable "as a source of national savings, a way to limit dependency on capital from abroad, which in turn leads to economic growth and general prosperity." ... Original Article
Reid Cramer | Fall 2009