http://business.time.com/2012/10/01/are-we-already-in-a-recession/

Paul Krugman, an economist, argued in 2007 that “the official definition of recession as become delinked from people’s actual experience. Right now we are in an economy with deteriorating employment and incomes, collapsing home proce, and business retrenchment. Is it also an economy in recession? Who cares?”. This is true. For most people, the growth of economy probably doesn’t mean that much for them; It is our daily life that actually matters for us. However, consumer’s behavior is related to the economy in many ways. If the consumer demand in the market decrease, the economy will be affect because the cycle between households manufacturers are closely related.  However, many people does not realize our economy situation because their daily life is not affected; but once the recession become worse, it will be even harder for people to maintain their daily life. So are we already in recession?