Would you like to be able to have deeper, more in-depth conversations about money and the economy with native English speakers in your life?
If so, today's lesson is perfect for you.
I'll give you three key vocabulary words that you can use to talk about the economy.
Study these vocabulary terms and phrases and then find a native English conversation partner to help you practice them! Good luck.
#1) "Job market"
The "job market" is the current employment situation. We can say that the job market is strong or weak. Here are a few ways to use this phrase:
- "The job market is terrible these days."
- "I heard that the job market is coming back up."
- "How's the job market in your country?"
# 2) "Spending habits"
Our "spending habits" are the ways in which we spend money. Here are some phrases that you can use with this term:
- "I have to change my spending habits because I am in so much credit card debt."
- "It's not easy to change your spending habits, but it can be done."
- "Bad spending habits are a quick way to get into financial trouble."
- "Where did you learn your spending habits?"
A "downturn" is a decline in the economy. This term can be used instead of saying "recession."
*Note- this term is used more often by people 50 years of age or older.
I rarely hear it used by younger people.
Here are some ways to use it:
- "During the downturn, everyone lost their jobs and had to live off of their retirement savings."
- "The downturn of 2008 was especially brutal."
- "What brought on the downturn a few years ago?"
These vocabulary terms came from a module in our Speakative conversation program called "How to Talk About the Economy."
If you want to practice these terms and others on this topic, take a free trial of our program.
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