A piece of the action

This book by Joseph Nocera chronicles the significant transformation in the financial habits of the American middle class over the past few decades.

It details how the introduction of financial instruments such as credit cards, mutual funds, and individual retirement accounts (IRAs) led to a 'money revolution' that changed the way Americans borrow, save, and invest.

The book profiles key figures like Charles Merrill, Peter Lynch, and Charles Schwab, who played crucial roles in this financial shift.

Nocera's 2013 introduction also critiques the consequences of this revolution, highlighting the risks and challenges associated with the new financial landscape.