Newsround has asked a thousand kids aged six to 12 across the UK what their lives are like.
More than six out of 10 kids say they've been affected by money problems in the UK. Four out of 10 of you said you've noticed that your parents are worried about not having enough cash.
So is that the case with you? Is your family finding things tougher than before? Do you get less pocket money, or can't do some of the after-school things you used to?
Or has there been no difference at all for you?
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"We are looking for a new house to buy but they are so expensive where we live that I might have to move. That means I'll have to leave all my friends. As we are saving up for the house I also get fewer things bought for me."
Sabrina, 12, England
"My family is getting on alright despite the credit crunch. Both my mum and dad have good jobs so they won't get fired. But we don't get as much money spent on us as we used to but it's fine."
Jack, 11, England
"All the food prices in my school canteen have gone up by 20p. We have to bring our own lunches and we even have to pay for our own exercise books."
Hannah, 13, Lancashire, England
"Both my parents work but my mum has stopped working to take care of my little sister. Last year money was a BIG problem but now it's getting better and I usually get anything I ask for!"
Faeqa, 11, London, England
"I don't think we're doing too badly. My dad owns his own engineering company, which is doing pretty well. Although, I've noticed that I can't get all the things I could get a while ago."
Sarah, 12, Leeds, England
"I am worried that all the shops are closing down near my mum and dad's store - the whole area depends on their Post Office. My parents have to work more shifts to deal with the annoying credit crunch!"
Davina, 12, Ipswich, England
"I get really worried about it because everyone I know is saying everyone is losing their job."
Joanna, 10, The Boldons, England
"No... my mum and dad are perfectly fine, luckily!"
Mollie, 10, Liverpool, England
"It is affecting my family. Recently I've had to change schools because I was going to a private school but because of the recession my parents can't afford the school fees anymore - so I've had to change, which has been really hard."
Tom, 12, London, England
"I'm at boarding school, so at the moment I'm not really being affected. Last time I went home everything seemed quite normal as well so I think it's OK."
Martin, 9, London, England
"My family are doing OK in the credit crunch. My mum and dad both have well paid jobs, and I still get £10 a week, so I'm OK!"
Jessica, 12, South Yorkshire, England
"It's not really affected me because my parents were already trying to save money before the recession. Also, I don't spend enough money for it to be directly affecting me."
Izzi, 12, Essex, England
"At my school we can't go on as many trips anymore because no-one has the money to pay for them."
George, 11, Staffordshire, England
"I don't really care. My mum and dad get a lot of money from their jobs and I have everything I could ask for!!"
Anisa, 10, Bolton, England
"We have lost a lot of money over the past year but I know things will get better."
Jessie, 10, Scotland
"I was very worried when I was moving house because my dad didn't have a job, but I'm less worried now because he is employed. Money isn't as tight anymore."
Mehreen, 11, Surrey, England
"My dad's job is getting worse and worse and one day I think he might lose his job."
Arbi, 10, London, England
"I am worried about my parents' money - I'm worried they won't have enough and they go shopping every week! Also, my mum had her hours cut a few weeks back so her pay has been cut by half and there is a massive chance she'll lose the job altogether soon!! "
Laura, 12, Ireland
"My dad is the only one who works but he runs his own insurance business so his job is quite secure. I have started getting more pocket money recently because my mum and dad want me to buy more of my own things. Although I am not getting as much stuff as I was used to. It hasn't affected my family a lot but we are finding it a bit tougher."
Charlie, 11, Sussex, England
"It hasn't made any difference to me or my family."
Charlotte, 14, Leicestershire, England
"My dad has been hit badly by the credit crunch as he's a writer and he can't get his scripts in on time."
Shane, 11, Belfast, Northern Ireland
"I worry all the time. But I know I'm not alone - at the end of the day we're all in the same boat. We have each other to talk to if we are worried, which is why I love my friends!"
Emily, 14, Leeds, England
"I don't think that my parents are going to be sacked. I'm worried that I'm not going to find a job when I leave high school."
Bethany, 9, South Yorkshire, England
"My dad has just started a new job and he's on a training salary at the moment so things are tight."
Emilia, 13, Devon, England
"We don't have major money problems. My dad earns an OK amount of money and my sister is a dentist so they're working hard to make money."
Nahida, 11, London, England
"There are a lot of money problems around the world and people are losing their jobs. That's why I'm going to stop spending money on sweets."
Arnold, 10, Birmingham, England
"My parents and I are not affected by the credit crunch. My mum and dad have got good jobs and we can still buy what we want or need. But we can't get everything we want."
Lydia, 11, Wales
"My dad's been hit by the money problems so has one of my best friends. I even tried to give away the £50 note that I got for my birthday."
Jemima, 9, Devon, England
"The credit crunch has affected me in some different ways to other people. My dad's business is not going too well - he is closing down soon. It has affected me too."
Laura, 14, London, England
"My family and I went on holiday every year, but now we are finding it hard to even book a trip to a theme park."
Sammie, 12, London, England
"I have to get a bus to school and the bus fares are now even more expensive. I have to catch a bus home that's now £1.80 a day!!"
Alfie, 12, Bolton, England
"I'm worried about my parents losing their jobs and I'm also worried that when I leave school I will not be able to find a job."
Hopi, 13, London, England
"I don't think my family has suffered from the recession that much because my parents have secure jobs so they won't be sacked."
Melissa, 13, UK
"My Dad does have a job but he is the only one who has a job in our family. So we can't have everything we want because he hasn't got a big enough salary."
Sindurii, 11, Oxfordshire, England
"We get hit by money problems rarely. My dad earns enough so we usually spend it on holidays which is why we have a small house."
Robert, 9, Derbyshire, England
"Lots of things have affected me. We had to leave our five bedroom house and go to a three bedroom with one bathroom. There are 10 people in my family as well. My older brother's mechanics garage has been shut down and my sister's beauty salon too. It's really tough."
Rosie, 10, Wales
"I don't have any money worries. If something happens it happens."
Ansiah, 10, Edinburgh, Scotland
"My parents have well-paid jobs, but I have noticed recently that they are being much more careful with money. They think carefully before buying something and we are getting fewer treats because they cost money. But apart from that, nothing much has changed."
Jasmine, 13, UK
"I have to use my own money now, I don't get as many sweets, toys and clothes as I used to because of the recession."
Laura, 12, Leeds, England
"My dad had a shop and it closed down because of the credit crunch."
Oscar, 8, England
"I just want to say that I don't really have an issue with money problems but other people around the world do and that is really upsetting to hear. My family are fine with the recession however."