To get the free app, enter your email address or mobile phone number.
—GREG CRITSER, author of Fat Land
“Wow, does personal financial advice need debunking. And Helaine Olen does it like an old master. Clear, witty, takes no prisoners, and right as hell. Olen will wake you up. There is no financial trick to make you rich.”
—JEFF MADRICK, author of The Age of Greed and senior fellow at the Roosevelt Institute
“Helaine Olen explains in simple language why most Americans are never going to understand the myriad complexities of investing and borrowing, leaving us all vulnerable to being ripped off in oh so many ways. Combining thorough research with passionate writing, Pound Foolish tells us what to do to protect ourselves and our hard-earned money.”
—DAVID CAY JOHNSTON, Pulitzer Prize–winning author of The Fine Print
“As Helaine Olen shows in this powerful exposé, ‘personal finance’ is the ultimate oxymoron. The financial challenges that most Americans face are not simply personal—they reflect the failure of our polices and our leaders to tackle growing middle-class insecurity. And the advice that self-proclaimed money experts provide is far from sound finance. Too often, it’s snake oil that only adds to the problem.”
—JACOB S. HACKER, director of the Institution for Social and Policy Studies, Yale University, and author of The Great Risk Shift
“Pound Foolish is a fabulously well-reported, lucid, and witty tour of the train wreck that American finance has become. Olen has the rare ability to demystify the countless swindles and frauds that lately comprise the basic operations of the investment scene. As a kind of bonus, she depicts with verve and intelligence the panoramic freak show of personalities who infest the money scene.”
—JAMES HOWARD KUNSTLER, author of The Geography of Nowhere and Too Much Magic
“In this gripping account, Helaine Olen pulls out the rug from under the finance industry, and does so in time for at least some of us to find alternative solutions to financial security.”
—DOUGLAS RUSHKOFF, author of Life Inc. and Present Shock
“The world of personal finance is an economic sideshow filled with illusionists, conjurers, and snake-oil salesmen of every stripe. Thankfully, Helaine Olen has spent enough time inside the circus to be able to guide us wisely and wittily through the hall of mirrors—and come out smarter on the other end.”
—JAMES LEDBETTER, opinion editor, Reuters, and author of Unwarranted Influence
“The cult of ‘personal finance’ sells itself—and preys on pocketbooks—with a wildly false message: that American middle class families only have themselves to blame for their economic troubles. With wit, simple math, and relentless sleuthing, Helaine Olen shows how the personal finance industry has led savers and investors astray, and what you can do to avoid its traps.”
—ALYSSA KATZ, author of Our Lot
Please keep in mind that I read this book over a year ago, so I'm going off memory here.
While I commend Mrs. Read more
Saw this book referenced in a documentary on 401K fraud. Made it about 1/2 way through the book and gave up. Doesn't seem to be much meat about fraud. Read morePublished 1 month ago by RTdriver
The first few chapters were interesting, scandal after scandal, economic misdeed after horror, then it got tedious. Read morePublished 2 months ago by Sura
Olen offers a broad look at a number of practices in the financial services industry, and makes some good points, but unfortunately appears to have started writing the book with a... Read morePublished 2 months ago by Tom Cross
I checked this out as an audio book from my local library and gave it a fair shot. I listened to it from end to end and repeated sections that I had interest in (or disagreed... Read morePublished 4 months ago by Blueblur1984
Fantastic book- informative and insightful, but also entertainingly written. Helaine manages to very successfully and enjoyably comment on the intersection of many different... Read morePublished 6 months ago by Thomas Y Hoffman
Clever title, light on content. I'll never know or care how it ends since I gave up around 200 pages. Read morePublished 8 months ago by Miller.