Many Retired people hold various dividend stocks that supplement their retirement.
The risk is quite high --but to sell everything -take the capital gains hit --plus lose the 5% to 7% dividend that is paid would hurt.
As most people know there are many well known stocks that pay in the 6% or better range--most of the telecommmunications companies like verizon and AT&T.
A crash would not just hurt the top 1% --but many middle class people who have worked very hard to save and invest.
People have to be very careful as they plan to retire---the buying power of the dollar is being severely challenged with the high cost of fuel, home nrg, food and clothing.
Even when you retire after a long hard working career the politicians still tax you on everything from raising property taxes every year to car registrations, fishing license,tolls on roads and government tax on all phone bills to enable them to even give FREE PHONES to the takers in society.
Working people really have to wake up soon to the reality that there are way too many freeloaders .
Our whole financial system is at a point of IMPLODING with the politicians living the life of "ROYALTY"