He has overheard us talking about how crazy people are regarding the stock market. That it fell to a record low one day. That it has been going up and down and people are nervous about it. He has asked a few questions about what that means and we've answered them.
We were already cutting back on spending before this happened so the kids haven't noticed a difference. We put in new windows and doors this summer and that took a lot of our "disposable" income and so we have tightened the purse strings to rebuild our savings.