Americans, Gradually, Feel Grip of Recession
The recession that started in March is gradually intruding on people's lives, forcing them to cut back in ways that contribute to the downturn. Young people just out of college find themselves unable to land jobs in their chosen careers, or to afford rent for their first homes. Retirees try to get by on suddenly shrunken incomes. Immigrants send less money to relatives back home, or cut their own expenses. And a growing number of middle-income people, having lost jobs or bonuses or raises, squeeze luxury out of their lives.