Barack Obama and Joe Biden's Campaign Promise

Seniors and Social Security

Strengthen Retirement Savings

Expand Retirement Savings Incentives for Working Families:

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    Obama and Biden will ensure savings incentives are fair to all workers by creating a generous savings match for low and middle-income Americans. Their plan will match 50 percent of the first $1,000 of savings for families that earn less than $75,000. The savings match will be automatically deposited into designated personal accounts. Over 80 percent of these savings incentives will go to new savers.