NDLI: Indebtedness and Financialization in Everyday Life

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Indebtedness and Financialization in Everyday Life

Content Provider	Scilit
Author	Montgomerie, Johnna
Copyright Year	2020
Description	This chapter offers a novel reading of the political economy and cultural economy literature on financialization and debt as it coalesces around understandings of “indebtedness.” It aims to provide a comprehensive account of how indebtedness is driving, sustaining and reproducing financialization, but in ways that also make financialization vulnerable and fragile. The household becomes a conceptual lens that makes visible how the mundane everyday activities of households expose the vulnerabilities of financialization. Importantly, both political and cultural economy recognizes the centrality of debt – as a social, legal and material relation – in the advent of financialization. Most households are made worse-off by financialization, despite the common-sense consensus that access to financial gains has been “democratized.” Credit-fuelled asset appreciation in residential housing is a driving force of financialization that maps closely on to households' desire for secure shelter and a long-term savings vehicles. Book Name: The Routledge International Handbook of Financialization
Related Links	https://api.taylorfrancis.com/content/chapters/edit/download?identifierName=doi&identifierValue=10.4324/9781315142876-34&type=chapterpdf
Ending Page	389
Page Count	10
Starting Page	380
DOI	10.4324/9781315142876-34
Language	English
Publisher	Informa UK Limited
Publisher Date	2020-02-05
Access Restriction	Open
Subject Keyword	Book Name: The Routledge International Handbook of Financialization History and Philosophy of Science Cultural Economy Indebtedness Everyday Driving Political Households Vulnerabilities of Financialization
Content Type	Text
Resource Type	Chapter

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