People like Pauline Bordage have been dealing with inflation for years now, from day-to-day spending on groceries to longer-term investments like house purchases and the potential for interest rate changes that increase mortgage costs.

Now Bordage and her family are facing a potential recession and cutting back spending even more in the face of uncertainty.

"We are a young family and recently have a young child so the cost increase might impact him as well," said Bordage, who lives in Fredericton…