Summary

Portrait of Barack Obama Barack Obama,  More Prosperous Times

“ I’ve heard from so many who’ve had to put off retirement, or come out of retirement, to make ends meet. I’ve heard from seniors who worked hard their whole lives but now, in their golden years, are unsure of where to turn to pay the bills, afford the prescriptions, or keep the home in which they raised a family. And having too little in savings not only leaves people financially ill-prepared for retirement, but also for whatever challenges life brings. ”
Source: Wikisource

Portrait of Barack Obama Barack Obama,  More Prosperous Times

“ And fewer than 10 percent of those without workplace retirement plans have one of their own. We cannot continue on this course. And we certainly cannot go back to an economy based on inflated profits and maxed-out credit cards; the cycles of speculative booms and painful busts; a system that put the interests of the short-term ahead of the needs of long-term. We have to revive this economy and rebuild it stronger than before. And making sure that folks have the opportunity and incentive to save – for a home or college, for retirement or a rainy day – is essential to that effort. ”
Source: Wikisource

Portrait of Barack Obama Barack Obama,  More Prosperous Times

“ As part of my budget, I’ve proposed ensuring that nearly every American has access to a retirement savings account through his or her job. This plan would make it possible for workers to automatically enroll in IRAs through payroll contributions. And the budget simplifies and expands a tax credit for millions of families, matching half of a family’s savings up to $1,000 per year and depositing the tax credit directly into a retirement account. ”
Source: Wikisource

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