The Economic Slowdown: How is it Affecting You?

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Are we in a recession? Recent numbers show the economy has slowed down, but is not retracting. Economists spend a lot of time discussing whether or not the word "recession" is appropriate, but at the end of the day, people are still paying more for everything, especially gas and food. Meanwhile, housing values continue to fall and the financial sector is feeling the pain. Larry asks KPCC's listeners how they're doing financially and how the country's economic woes are changing their behavior.

Are we in a recession? Recent numbers show the economy has slowed down, but is not retracting. Economists spend a lot of time discussing whether or not the word "recession" is appropriate, but at the end of the day, people are still paying more for everything, especially gas and food. Meanwhile, housing values continue to fall and the financial sector is feeling the pain. Larry asks KPCC's listeners how they're doing financially and how the country's economic woes are changing their behavior.