In polling data gathered during the November 4 election, voters across America overwhelming indicated that their biggest concern is the ailing U.S. economy.
Mr. Obama told reporters at his first news conference he understands their concerns.
"Tens of millions of families are struggling to figure out how to pay the bills and stay in their homes. Their stories are an urgent reminder that we are facing the greatest economic challenge of our lifetime, and we must act swiftly to resolve them," he said.
He reminded reporters that until he assumes the office next January 20, President Bush and his administration are in charge.
Mr. Obama said he understands that every American is worried about the current economic conditions, but he warns that nothing can be resolved quickly.
"Immediately after I become president, I will confront this economic crisis head-on by taking all necessary steps to ease the credit crisis, help hardworking families, and restore growth and prosperity," he said.
The president-elect has kept a relatively low profile since winning the election Tuesday, and there is intense interest on who Mr. Obama will pick to fill top spots in his cabinet.