Rethinking Financial Behaviour

Rationality and Resistance in the Financialization of Everyday Life

Ariane Agunsoye

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Bristol University Press img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Allgemeines, Lexika

Beschreibung

Pension policy in the UK and US is designed on the assumption that people can make informed financial decisions, can consistently invest in pensions and manage diverse portfolios. Deviating from this is often deemed irresponsible and irrational. However, this assumption overlooks uncontrollable factors like caring duties, employment breaks or income limitations. Even when individuals act as expected, unpredictable market shifts can hinder long-term planning. This book redefines deviations to “rational behaviour” as logical responses to a dysfunctional system. Challenging existing theoretical discussions and policy approaches, it proposes a fresh perspective on rationality when it comes to financial policy and practices.

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Schlagwörter

Retreat of the welfare state, Wealth inequality, Norms, Financialization of daily life, Subjectivity, Resistance, Power technology, Asset accumulation