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Why the Middle Class Is Rethinking Spending and Saving

Twenty-five years ago, most of the middle class wasn't involved in Wall Street affairs, and investments were for the rich. Now that's changed, in what financial journalist Joseph Nocera calls "a money revolution." Nocera has written "A Piece of the Action: How the Middle Class Joined the Money Class." The book explores how the middle class became involved in the stock market, largely, he says, through the rise of credit cards, mutual funds, and discount brokerage houses.


Other segments from the episode on October 25, 1994

Fresh Air with Terry Gross, October 25, 1994: Interview with Joseph Nocera; Interview with John Edgar Wideman; Review of the film "Love Affair."


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