It is my pleasure to team up with him today for the first time. Let me begin by focusing on why you should view boosting your personal saving as a critical priority for you, your families and for all Americans. Then I would like to share with you some of key guideposts on the way to a financially secure retirement. Higher Personal Saving is the Key to our Security. Increasing the level of national saving must be our overriding goal.
National saving reflects both public and private saving.
That is why the debate going on in Washington about the use of budget surpluses is so important to the future health of the economy. But boosting government saving will not on its own be enough. It is critical that we also increase the level of personal saving. And increasing personal saving is also a vital objective for the financial security of individuals and their families. Perhaps the most compelling reason why individuals should save more is because they are living much longer than before.