is a well-known risk to lack diversity in an investment portfolio. Now, couples employed by the same company are learning a similar lesson, the hard way.
As layoffs mount across the country and in all sectors, couples who are co-workers are increasingly vulnerable to losing their families' twin sources of income at once. The lack of variety in job skills can also make it difficult to bounce back, especially in a struggling industry.
Such hard times have befallen Clarkston, Mich., high school sweethearts Victor and Lauri Cox, who married in 1976 and soon took jobs at the General Motors plant; Pam Podger and John Cramer, who met as reporters at The Fresno Bee in California in 1991; and Chad and Lindsey Lewis, who prospered while selling homes for a Tampa builder but now face a more than 60 percent drop in there combined income.
More at Link
An interesting read, but one part kinda threw me...
The stakes are considerable: the Coxes are still paying a mortgage on their Michigan home, renting a town house in Ohio and worried about their children — ages 23, 20, 17 — who are back in Michigan trying to finish school and find jobs in uncertain times.
Got helicopter? I mean it is normal for you to worry about your kids, but you need to let them stand or fall on their own. Folks, you need to worry about you, and your 17-yo, and let your adult children worry about themselves.
But I am a meanie, I guess. From the time I was 17 I was pretty much looking out for myself (by choice), as were by brothers and sisters as they each hit 17 or 18. College, then job.
