@article {Statman1, author = {Meir Statman}, editor = {Mack, Barbara J.}, title = {Practical Applications of Retirement Income for the Wealthy, Middle, and Poor}, volume = {1}, number = {JOR}, pages = {1--3}, year = {2015}, doi = {10.3905/pa.2015.1.jor.092}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Retirement Income for the Wealthy, Middle, and Poor Meir Statman In this Practical Applications report, Meir Statman{\textemdash}Glenn Klimek Professor of Finance at Santa Clara University{\textquoteright}s Leavey School of Business{\textemdash}addresses some of the realities of retirement savings across income groups. Statman proposes a mandatory defined-contribution (DC) plan to ensure adequate retirement savings among the middle and direct financial assistance to the poor. The source article appeared in The Journal of Retirement{\textquoteright}s Winter 2014 issue.{\textquotedblleft}It is time to switch from a nudge to shove and replace voluntary DC plans with mandatory DC plans,{\textquotedblright} Statman urges. Read this report to find out why he believes we should distinguish four income groups: The wealthy, the steady-middle, the precarious-middle and the poor.}, issn = {2329-0196}, URL = {https://pa.pm-research.com/content/1/JOR/1.3}, eprint = {https://pa.pm-research.com/content/1/JOR/1.3.full.pdf}, journal = {Practical Applications} }