US Presidency
2013

About half of all households don't have any retirement savings. So we're going to have to do more to encourage private savings and shore up the promise of Social Security for future generations. And remember, these are promises we make to one another. We don't do it to replace the free market, but we do it to reduce risk in our society by giving people the ability to take a chance and catch them if they fall. One study shows that more than half of Americans will experience poverty at some point during their adult lives. Think about that. This is not an isolated situation. More than half of Americans at some point in their lives will experience poverty. That's why we have nutrition assistance or the program known as SNAP, because it makes a difference for a mother who's working, but is just having a hard time putting food on the table for her kids.