A Piece of the Action

By Joe Nocera,

Book cover of A Piece of the Action: How the Middle Class Joined the Money Class

Book description

Now with a new introduction describing the fallout of America’s consumer credit boom, 1994’s wildly acclaimed bestseller A Piece of the Action tells the story of how millions of middle class Americans went from being savers to borrowers and investors through the invention of credit cards, mutual funds, and IRAs—resulting…

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Why read it?

1 author picked A Piece of the Action as one of their favorite books. Why do they recommend it?

My previous recommendations describe the rise of American finance capitalism, leading to the roaring 1920s, the 1929 debacle, and reform legislation. A Piece of the Action takes us forward into the post-World War Two period, when middle-class Americans moved from being cautious savers to become borrowers and investors on a massive scale. The author is an experienced journalist who captures these more recent developments in highly readable style.

From Matthew's list on American financial history.

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