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

Joe Nocera

286 ratings by Goodreads

Language: English

Published by Simon & Schuster, 2013

1476744890 / 9781476744896

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Seller: World of Books Inc, Montgomery, IL, U.S.A.World of Books Inc

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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 in profound societal change. America began to change on a mid-September day in 1958, when the Bank of America dropped its first 60,000 credit cards on the unassuming city of Fresno, California. So begins Joe Nocera's riveting account of one of the most astonishing revolutions in modern American life--what Nocera labels the money revolution. In the decades since, the middle class has gained access to credit cards, to mutual funds, to retirement accounts--and to hundreds of other financial vehicles that have allowed everyone to get a piece of the action. In this lively, engaging book, some of the great financial characters of modern times--from Charles Merrill to Charles Schwab to Peter Lynch--strut across the stage as the course of this great financial shift is charted. In an all-new introduction, Nocera takes a look back at the consequences of the money revolution. Were members of the middle class as prepared as the innovators claimed to take control of their financial lives? Or did events like the dot-com and the housing bubbles suggest something else: that far too many of us lacked the wherewithal to make sound investment decisions.…

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Title
A Piece of the Action: How the Middle Class Joined the Money Class
Author
Joe Nocera
Publisher
Simon & Schuster
Publication year
2013
Condition
Very Good
Binding
Paperback
Language
English
ISBN 10
1476744890
ISBN 13
9781476744896

World of Books Inc

Montgomery, IL, U.S.A.

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Founded in 2002, World of Books is a leading online destination for buying and selling both preloved and new books, committed to making sustainable reading accessible to all. With a mission to help people read more and waste less, World of Books offers a huge range of affordable, high-quality books — giving both new and preloved titles a second life. The company also operates World of Books – Sell Your Books, an easy-to-use platform that allows customers to trade in unwanted books for cash, helping to keep books in circulation while promoting sustainability. As a Certified B Corp, World of Books is driven by a vision to become the world’s largest and most sustainable dedicated online bookstore. The company measures its success through the positive environmental impact it creates, the value it provides to customers, and its ability to operate profitably while supporting its sustainable mission …

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