Breaking the bank

break the bank

Depending on who does the polling (and how scientific the methods in the polling were – don’t get me started), roughly three of every four people say the recession is still going.

In the U.S., we have a very specific definition of a recession. It involves whether the economy is expanding or contracting, and for how long. By the economic definition of the word recession, it’s over. Has been for over a year. Whether you want to believe it or not, even.

It’s things like this that point out how useful (or useless) some words are. In my family, more than half the members of my generation have lost a job or had their hours cut in the past couple of years. It’s pretty scary if you’re watching it happen, even more so to live through it.

Best wishes to all my readers – even if the recession really is over, I know it doesn’t feel like it.

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