The Conservative Cave
Current Events => Economics => Topic started by: Chris_ on February 08, 2009, 05:23:21 PM
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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 (http://cbs2.com/national/family.economy.employment.2.929718.html)
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.
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An interesting read, but one part kinda threw me...
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.
enabling leads to entitlement which leads to liberalism. The idea that you deserve to get anything and not have to actually WORK for it or, heaven forbid, be poor and sacrifice. Parents who support adult children, and i mean that by 20 and up, need to see what a disservice they are doing their kids, themselves, and this country.
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enabling leads to entitlement which leads to liberalism. The idea that you deserve to get anything and not have to actually WORK for it or, heaven forbid, be poor and sacrifice. Parents who support adult children, and i mean that by 20 and up, need to see what a disservice they are doing their kids, themselves, and this country.
In my day it was love, affection, support, a sounding board, an occasional meal, a place to sometimes do laundry (not have it done), and an anchor. That should be more than enough.
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I understand what you two are saying, but I'm not sure that the Coxes are really doing anything harmful here. Sounds like they're worrying about their children, as any parent would, and trying to help put them through school and get started in life. That's fairly normal, no?
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In my day it was love, affection, support, a sounding board, an occasional meal, a place to sometimes do laundry (not have it done), and an anchor. That should be more than enough.
Amen brother.
H5
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I understand what you two are saying, but I'm not sure that the Coxes are really doing anything harmful here. Sounds like they're worrying about their children, as any parent would, and trying to help put them through school and get started in life. That's fairly normal, no?
For those parents that can afford to pay college tuition for their kids, I see no problem with them doing so to help their kids get a good start in adult life. But if you're losing your own income, it's time to sit little Johnny or little Janie down and explain to them that they are going to have to step up to the plate and start providing for themselves.
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Victor and Lauri Cox, who married in 1976 and soon took jobs at the General Motors plant.......for 33 years they both worked some of the best paying and benefit providing jobs in America......and I'm supposed to feel real sorry for them when they hit a slight dip in the road of life???????????/