The economy was front and center during the presidential election and we heard a lot about rebuilding the middle class, the 1 percent, the 99 percent and the 47 Percent. Complex issues were being turned into accessible sound bites.

Now, we’re back to business as usual and we’re hearing a lot about that financial cliff, Bush-era tax cuts expiring, and major dollars being cut from the Federal budget.

These things may mean one thing to economists and policy makers, but quite another to the rest of us. So we discussed what the fiscal cliff means for our wallets with Marketplace’s Paddy Hirsch.