From Friday the UK is officially in something called a recession.
That means the amount of money the country makes has gone down for six months in a row.
It's the latest development in the global cash crisis, but has it affected you?
Are money problems getting worse for your family, or have they made no difference to you?
Unfortunately this topic is now closed but there are Comments pages on other subjects on the main Chat index.
"My family hasn't been hit badly; however I am glad that I don't go to a private school because we might be in trouble!!"
Lara, 11, Wolverhampton, England
"I go to a private school, we're not rich at all, and recently, I've been really scared that I might have to leave. I love my school loads - every night I look forward to going to school the following morning. I don't want to have to go back to feeling miserable every morning."
Gracie, 13, Berkshire, England
"It hasn't really hit us at all. It's normal - like any other day. But I'm worried it'll hit us, so I'm wondering where we will be in a year's time."
Sarah, 12, Coventry, England
"We are having to spend money really carefully - only on stuff we really need. My parents are talking about saving money."
Tabitha, 12, UK
"We are doing fine as my mum is a teacher."
Claire, 12, Northern Ireland
"My family have not been hit by the recession!"
Anna, 10, Herefordshire, England
"Not really - my parents both work in agriculture so we should be all right. Everyone needs to eat."
Ellie, 12, Cambridge UK
"My dad's always complaining that we're spending too much."
David, 11, Leicester England
"My parents are split up and it's affecting dad's business, even though he's always been the one to have money. Mum is doing better than a lot of people because her job is unlikely to be taken away."
Ellie, 13, England
"Well, we're doing fine at the moment, I think. I still try to turn off lights when I'm not using them, stop leaving the telly on standby, and don't ask for clothes much - just in case!"
Indiana, 13, UK
"The recession has made my parents lose jobs and money."
William, Hexham, England
I think it is affecting my family a little bit but we still have enough money for most things. "
Shelly, 12, Mosely, England
"Well the US is in a recession too. My mom got laid off in November, and now we are only getting enough money to pay taxes. But luckily we saved for rainy day funds."
Hayley, 12, Pleasanton, USA
"My Dad will lose his job in September, and I don't know about my mum. They won't tell me anything."
Charlotte, 13, Peterborough, England
"My mum has just lost her job, and we are really strapped for cash. The only money we have is from my stepdad, who only earns a small amount as a builder. I am so worried about all this, I just hope everything gets better soon! Good luck to other families struggling in this crisis!"
Holly, 14, Cumbria, UK
"We have to spend a lot less - my dad has lost his job. We don't buy much food now."
Jack, 12, York, England
"It is my Mum's job to help people with money problems."
Alice, 12, Harlow, UK
"Things aren't going well in my household, thankfully my mum has a new job, but things are still looking grim."
Andrei, 14, Cleveleys
"My parents are doing fine but I'm still worried that my mum or dad might lose their job!!"
Charlie, 13, East Sussex, England
"Nope. We are OK. Actually, I think we are improving!!!!"
Olivia, 9, Hampshire, England
"Nope, we're doing fine. But I hope that the shops don't close down, otherwise we won't have anything to buy."
Agne, 10, London, England
"Yes, it has affected my family a bit. My mum, dad and sister are working to get paid more."
Nahida, 11, London, England
"I am coping OK with the credit crunch, but I am worried about job availability in about 20 or 10 years time!!!"
Chloe, 12, Wigan, England
"My mum's hours of work have been cut. She used to be working 5 1/2 hours a day, 3 days a week but now she only does 3 hours a day, 3 days a week. And she's also a psychiatric agency nurse and can't find anywhere to work. So we're a bit short of cash at the moment!"
Laura, 12, Ireland
"Hasn't affected my family at all! I'm going to Florida for three weeks in the summer!!!"
Aimee, 9, Liverpool, England
"We are really struggling, I hope things get better."
Emma, 14, Bradford, England
"My family are struggling but they won't tell me! My mum, dad and SISTER are working three extra hours a day now! Also, my mum won't let me have a birthday party and my sister got no presents this year! They treated it like a normal day! I didn't, everyone else did!"
Holly, 12, Essex, England
"No, we haven't thankfully, but I know that it must be hard for people to lose their jobs and I don't know what I would do if my dad lost his job!"
Reuben, 14, Folkestone, England
"We are coping, but we cut down and only buy what we really need!"
Sarah, 12, England
"My family has to use less money and things like clothes."
Ionie, 12, London, England
"We are doing fine. No problem."
Ryan, 12, Redhill, England