Built Quote by Dwight D. Eisenhower
“The system is not intended as a substitute for private savings, pension plans, and insurance protection. It is, rather, intended as the foundation upon which these other forms of protection can be soundly built. Thus, the individual's own work, his planning and his thrift will bring him a higher standard of living upon his retirement, or his family a higher standard of living in the event of his death, than would otherwise be the case. Hence the system both encourages thrift and self-reliance, and helps to prevent destitution in our national life.”
About This Quote
Source Speech: Remarks on Social Security, Dwight D. Eisenhower, 1955
The system should complement, not replace, personal savings, pensions, and insurance, encouraging thrift and self‑reliance.
In simple terms: Use the system as a foundation while still saving and planning yourself.
Key Takeaway
Combine public benefits with personal financial discipline.
Themes
finance
self‑reliance
social policy
retirement
risk management
Mood
responsible
pragmatic
Type
policy
financial
When to use this quote
- retirement planning
- family budgeting
- insurance decisions
- policy advocacy
Key Concepts
economic policy
public welfare
Questions to Reflect On
- How can you balance public and private retirement tools?
- What habits ensure financial security?
A Different Perspective
Relying too much on the system can reduce personal responsibility.
