"It is incumbent upon each of us to improve spending and savings practices to ensure our own individual financial security and preserve the collective economic well-being of our great society"
About this Quote
The subtext is a familiar political move: shifting economic risk downward. By insisting individuals must adjust "spending and savings practices" to secure themselves and protect society, the line smuggles in the idea that instability is primarily a household problem, not a policy design problem. Wages stagnate, healthcare costs spike, housing gets unaffordable? The remedy offered here is self-management, not structural change. It's an argument that preempts demands for regulation, stronger safety nets, or corporate accountability by reframing the crisis as a matter of personal discipline.
"Preserve the collective economic well-being of our great society" adds a flag-draped halo, turning thrift into patriotism. The grandeur does strategic work: it flatters listeners into compliance while warning, gently, that irresponsibility is a threat to the whole. The context is likely a moment of economic anxiety - debt, inflation, recession talk - when leaders often reach for rhetoric that sounds empowering ("ensure our own") while narrowing the policy horizon. It's less a plan than a posture: virtue language standing in for governance.
Quote Details
| Topic | Saving Money |
|---|---|
| Source | Help us find the source |
| Cite | Cite this Quote |
Citation Formats
APA Style (7th ed.)
Lewis, Ron. (n.d.). It is incumbent upon each of us to improve spending and savings practices to ensure our own individual financial security and preserve the collective economic well-being of our great society. FixQuotes. https://fixquotes.com/quotes/it-is-incumbent-upon-each-of-us-to-improve-134049/
Chicago Style
Lewis, Ron. "It is incumbent upon each of us to improve spending and savings practices to ensure our own individual financial security and preserve the collective economic well-being of our great society." FixQuotes. Accessed February 3, 2026. https://fixquotes.com/quotes/it-is-incumbent-upon-each-of-us-to-improve-134049/.
MLA Style (9th ed.)
"It is incumbent upon each of us to improve spending and savings practices to ensure our own individual financial security and preserve the collective economic well-being of our great society." FixQuotes, https://fixquotes.com/quotes/it-is-incumbent-upon-each-of-us-to-improve-134049/. Accessed 3 Feb. 2026.

