The impact of a recession on workers’ pockets can be significant. Job loss and reduced income can lead to financial difficulties, and businesses may also cut benefits or freeze wages, which reduces the amount of money available to workers.
During a recession, it’s not uncommon for people to feel financial pressure. However, it’s important to see this time as an opportunity for growth. Through learning about finance and economics, you can gain a better understanding of the current economic climate and make smart financial decisions.
Here are five books that can help you enhance your knowledge of the economic issues we are facing and be more equipped to handle the future.
1. The Big Short: Inside the Doomsday Machine by Michael Lewis
The Big Short by Michael Lewis is a #1 New York Times bestseller that tells the story of the 2008 financial crisis, specifically focusing on the individuals and firms who were able to profit from the housing market’s collapse.
The book provides a firsthand account of the events leading up to the crisis and offers insight into the workings of Wall Street and the financial industry.
It’s written in a character-driven narrative and brimming with indignation and dark humor. This book is a fitting sequel to his #1 best-selling Liar’s Poker and provides an intriguing and compelling story of the unlikely individuals and firms who recognized the potential collapse of the real estate market and profited greatly from it.
