Or a retiree who has bought this stock as his or her nest egg.
It's a lot less painful to turn over a rising share of your paycheck to a retiree if that paycheck is growing.
To be sure, GM is better positioned to handle the decline, having shed dealers and workers and retiree health costs.
Add a third retiree, and your worker's paycheck falls by 75%.
Pauline Moreau, a 77-year-old retiree in the Orlando-area, concurred with the affinity for Gingrich.
One voter, retiree Blanche Kinsley, captured the moment in remarks to The New York Times explaining why she chose the incumbent.
But the bondholders don't absorb nearly as much money as payrolls and retiree benefits.
You're giving the exact same check to the second retiree as you did to the first.
But just because investment risk is taken off the retiree does not mean that it goes away.
“They all have baggage, but he just makes sense,” a retiree named Byron Whitehead told me.