Matches in SemOpenAlex for { <https://semopenalex.org/work/W143146052> ?p ?o ?g. }
- W143146052 abstract "A diversity of opinions exists on the cause and consequences of rising debt levels in the United States and United Kingdom. Economists and government policy makers see rising debt levels as a natural outcome of lower inflation and nominal interest rates. In fact, growing debt levels are seen as contributing to a wealth effect in these economies, as borrowing more as induced asset price appreciation contributing to new avenues of wealth creation. Conversely, some see rising debt levels as a symptom of eroding of self-control and evidence of the intensification of consumerism in Anglo-American society, as people are now considered to consume without consideration for the limits of income. Increasing indebtedness has also been associated with the deepening disciplinary power of global financein everyday life. This article addresses previous unexplored socio-cultural variables alongside significant market transformations that, together, contributed to escalating levels of consumer debt levels in Anglo-America. In doing so, it asks: what factors contributed to rising consumer debt levels in Anglo-America since the mid-1990s? Rather than putting forward a single causal relationship, rising debt levels are analyzed as a product of the cumulativeeffects of economic changes and socio-cultural factors. In particular, how widespread use of asset-backed securitization (ABS) in consumer credit industry created an increase supply of credit available for lending and a dependence on a growing pool of revolving debtors.Moreover, how stagnant incomes for wage-earners created a new form demand for consumer credit. Finally, how the centrality of consumerism in Anglo-American society provided sufficient cultural justification for consumption despite lower incomes for most wage-earners." @default.
- W143146052 created "2016-06-24" @default.
- W143146052 creator A5014468225 @default.
- W143146052 date "2007-12-01" @default.
- W143146052 modified "2023-09-25" @default.
- W143146052 title "Financialization and consumption: an alternative account of rising consumer debt levels in Anglo-America" @default.
- W143146052 cites W1491449044 @default.
- W143146052 cites W1560735836 @default.
- W143146052 cites W1561675735 @default.
- W143146052 cites W1587678915 @default.
- W143146052 cites W1598980490 @default.
- W143146052 cites W1605293730 @default.
- W143146052 cites W1608002542 @default.
- W143146052 cites W176697283 @default.
- W143146052 cites W1976090054 @default.
- W143146052 cites W1976746079 @default.
- W143146052 cites W1998464466 @default.
- W143146052 cites W2009345174 @default.
- W143146052 cites W2024456080 @default.
- W143146052 cites W2055965565 @default.
- W143146052 cites W2060929174 @default.
- W143146052 cites W2061708053 @default.
- W143146052 cites W2070943856 @default.
- W143146052 cites W2083298775 @default.
- W143146052 cites W2086937440 @default.
- W143146052 cites W2122451923 @default.
- W143146052 cites W2123208190 @default.
- W143146052 cites W2135167672 @default.
- W143146052 cites W2145120761 @default.
- W143146052 cites W2152013852 @default.
- W143146052 cites W2154567602 @default.
- W143146052 cites W2155383281 @default.
- W143146052 cites W2172198137 @default.
- W143146052 cites W2297968721 @default.
- W143146052 cites W2315399467 @default.
- W143146052 cites W2330014444 @default.
- W143146052 cites W3123033872 @default.
- W143146052 cites W3162503594 @default.
- W143146052 cites W563980193 @default.
- W143146052 cites W573029325 @default.
- W143146052 cites W602585318 @default.
- W143146052 cites W626147087 @default.
- W143146052 cites W627503550 @default.
- W143146052 cites W651073666 @default.
- W143146052 cites W618089486 @default.
- W143146052 hasPublicationYear "2007" @default.
- W143146052 type Work @default.
- W143146052 sameAs 143146052 @default.
- W143146052 citedByCount "5" @default.
- W143146052 countsByYear W1431460522014 @default.
- W143146052 countsByYear W1431460522015 @default.
- W143146052 countsByYear W1431460522019 @default.
- W143146052 crossrefType "journal-article" @default.
- W143146052 hasAuthorship W143146052A5014468225 @default.
- W143146052 hasConcept C10138342 @default.
- W143146052 hasConcept C120527767 @default.
- W143146052 hasConcept C144024400 @default.
- W143146052 hasConcept C162324750 @default.
- W143146052 hasConcept C2776562857 @default.
- W143146052 hasConcept C2778489760 @default.
- W143146052 hasConcept C2780837152 @default.
- W143146052 hasConcept C2781343974 @default.
- W143146052 hasConcept C2781385186 @default.
- W143146052 hasConcept C30772137 @default.
- W143146052 hasConcept C34447519 @default.
- W143146052 hasConcept C36289849 @default.
- W143146052 hasConcept C38652104 @default.
- W143146052 hasConcept C41008148 @default.
- W143146052 hasConcept C556758197 @default.
- W143146052 hasConcept C76178495 @default.
- W143146052 hasConceptScore W143146052C10138342 @default.
- W143146052 hasConceptScore W143146052C120527767 @default.
- W143146052 hasConceptScore W143146052C144024400 @default.
- W143146052 hasConceptScore W143146052C162324750 @default.
- W143146052 hasConceptScore W143146052C2776562857 @default.
- W143146052 hasConceptScore W143146052C2778489760 @default.
- W143146052 hasConceptScore W143146052C2780837152 @default.
- W143146052 hasConceptScore W143146052C2781343974 @default.
- W143146052 hasConceptScore W143146052C2781385186 @default.
- W143146052 hasConceptScore W143146052C30772137 @default.
- W143146052 hasConceptScore W143146052C34447519 @default.
- W143146052 hasConceptScore W143146052C36289849 @default.
- W143146052 hasConceptScore W143146052C38652104 @default.
- W143146052 hasConceptScore W143146052C41008148 @default.
- W143146052 hasConceptScore W143146052C556758197 @default.
- W143146052 hasConceptScore W143146052C76178495 @default.
- W143146052 hasLocation W1431460521 @default.
- W143146052 hasOpenAccess W143146052 @default.
- W143146052 hasPrimaryLocation W1431460521 @default.
- W143146052 hasRelatedWork W1536709222 @default.
- W143146052 hasRelatedWork W1555898039 @default.
- W143146052 hasRelatedWork W1733347674 @default.
- W143146052 hasRelatedWork W1972069072 @default.
- W143146052 hasRelatedWork W2102277787 @default.
- W143146052 hasRelatedWork W2164759619 @default.
- W143146052 hasRelatedWork W2170083522 @default.
- W143146052 hasRelatedWork W2364566428 @default.
- W143146052 hasRelatedWork W2727954551 @default.
- W143146052 hasRelatedWork W2765694760 @default.
- W143146052 hasRelatedWork W2889327350 @default.