Credit-card debt is choking American prosperity off at the neck. In Credit Card Nation, Robert D. Manning tells a fascinating story about the prese...
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reviews
Dec 16, 2009
Beth
rated it: 
I know, this sounds a bit dry, BUT especially the first few chapters were very informative, as they laid out the historical rise of debt in the 20th century, as it has been manifested by national debt, corporate debt, and personal consumer credit debt. Manning explains to some degree the impact of a large national deficit, and the impact of corporate mergers on debt. Manning even takes on the rise in student debt and student credit card use, the declining real wages for the lower / lower-middl
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Nov 18, 2008
Lara Amber
rated it: 
It's an interesting delve into the changes our country has gone through the last century in regards to corporate debt, personal debt, and government debt. The book is a little dated now, since it was written in 2000 and is missing the details of the last 8 years.
The book covers the three branches of debt in our country, government, corporate, and personal. The country changed dramatically over the decades, with our government deciding that an ongoing national debt was an okay thing More...
The book covers the three branches of debt in our country, government, corporate, and personal. The country changed dramatically over the decades, with our government deciding that an ongoing national debt was an okay thing More...
Sep 29, 2010
Paul
rated it:
The book's not a quick read, but it's an engrossing study of how the expansion of the credit industry has made credit cards an important part of American society - mostly to our collective detriment. Even considering the information in the book is now several years old, Manning makes it easier to understand how and why we got into such trouble with credit cards and the consequences to many of us as a result. After reading this book, you'll probsbly decide that the recent credit card rule changes
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Dec 04, 2009
Ruzzel
rated it:
Manning explains to some degree the impact of a large national deficit, and the impact of corporate mergers on debt.
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Dec 16, 2009
Justin
rated it: 
This book along with Strapped were facinating. How did credit cards come about? How did the legislation become so favorable to the banks? Why do the banks bend over backwards to lend me money and who really owns the credit cards? All these questions and so much more are in these books. This book follows the dark history of Visa and mastercard and why we must be wary.
Aug 22, 2007
Brie
rated it:
This is a great book... but needs to be updated with current data/information.
Jun 11, 2010
Muhammad
rated it:
The author Robert D. Manning is a Senior Fellow at the University of Houston Law Center. What he does in Credit Card Nation is a remarkably good assessment of the debt culture that has slowly engulfed the people of America.
It is indeed shocking that college students as young as 18 are racking up thousands of dollars worth of credit card debt, even before they start working. According to Nellie Mae, the nation's largest maker of student loans, the average college student today has abo More...
It is indeed shocking that college students as young as 18 are racking up thousands of dollars worth of credit card debt, even before they start working. According to Nellie Mae, the nation's largest maker of student loans, the average college student today has abo More...
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