But what you’ve also seen is a trend in the United States but also around the world in which even when the economy grows, it tends to benefit a lot o… - Barack Obama

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But what you’ve also seen is a trend in the United States but also around the world in which even when the economy grows, it tends to benefit a lot of people at the very top, but the vast majority of people, they don't benefit as much. And you're starting to see bigger and bigger gaps in inequality and in wealth and in opportunity. And that's true not just in the United States, it's true in Europe; it's long been true in parts of Asia; it's been true in Latin America. And I believe that economies work best when growth and development is broad-based, when it's shared -- when ordinary people, if they work hard and they take responsibility, they can succeed. Not everybody is going to be rich, but everybody should be able to live a good life. Not everybody is going to be a billionaire, but everybody should be able to have a nice home and educate their children and feel some sense of security.