Financialization also operates as a cultural shift toward entrepreneurial self-management of household finances.

Evidence

The second view posits a more expansive conception of financialization whereby the increasing availability of financial products also coincides with the emergence of qualitatively new cultural frames (Langley, 2008; Davis, 2009). Here, households come to embrace a more proactive and entrepreneurial management of their finances in order to capitalize on the opportunities these products present. — Neil Fligstein & Adam Goldstein, The Emergence of a Finance Culture in…, 19

Categorization

• XREF: Echoes Foucault’s governmentality literature on the ‘entrepreneur of the self’ and resonates with the self-management themes in DeLillo’s White Noise and Zamyatin’s We. — connects to: Household financialization involves adopting new entrepreneurial mindsets, not just buying more financial products. — Neil Fligstein & Adam Goldstein, The Emergence of a Finance Culture in…, 17; Households are pushed into financial markets that promise lifestyle advancement. — Neil Fligstein & Adam Goldstein, The Emergence of a Finance Culture in…, 34; Financialization colonizes culture through diffuse metaphors, narratives, and techniques — Max Haiven, Cultures of Financialization, 35 (+7 more)
• QUESTION: Worth chasing: what empirical evidence distinguishes the cultural-frames account from the defensive-driven-debt account? The two can be hard to separate operationally.

Related

• Household financialization involves adopting new entrepreneurial mindsets, not just buying more financial products. (similarity 0.94)
• Financialization forced households to adopt a proactive finance culture beyond just consuming more debt. (similarity 0.91)
• Finance culture is a cultural frame, not an exogenous shift imposed on households. (similarity 0.88)
• Financialization means financial ideas and tropes migrating out to transform culture. (similarity 0.88)
• Households are pushed into financial markets that promise lifestyle advancement. (similarity 0.87)
• Financialized cultural attitudes may result from, not drive, expanded financial services. (similarity 0.87)
• Financialization is reproduced from everyday life, not imposed by an autonomous elite (similarity 0.86)
• Households signal financialization through risk-taking, relaxed debt attitudes, and speculative strategies (similarity 0.85)
• Households adopted active financial management under either necessity, opportunity, or both. (similarity 0.85)
• Financialization means finance’s logics penetrate the fabric of everyday life (similarity 0.85)
• Financialization colonizes culture through diffuse metaphors, narratives, and techniques (similarity 0.85)
• Financialization operates as decentralized power through everyday financial practices (similarity 0.83)
• Financialization means finance’s motifs spreading into spheres far from finance proper (similarity 0.83)
• Financialization is capitalism’s most advanced mode of harnessing consumer agency and imagination (similarity 0.83)
• The state actively drives financialization through policy, while individuals internalize its risk discourses. (similarity 0.82)

Broader Connections

• Financialization forced households to adopt a proactive finance culture beyond just consuming more debt. #corroborates (0.82) — Neil Fligstein & Adam Goldstein, The Emergence of a Finance Culture in…, 46
• Households are pushed into financial markets that promise lifestyle advancement. #expands (0.80) — Neil Fligstein & Adam Goldstein, The Emergence of a Finance Culture in…, 34
• Financialization colonizes culture through diffuse metaphors, narratives, and techniques #expands (0.80) — Max Haiven, Cultures of Financialization, 35
• Financialization means finance’s logics penetrate the fabric of everyday life #expands (0.80) — Max Haiven, Cultures of Financialization, 72
• Financialization is reproduced from everyday life, not imposed by an autonomous elite #corroborates (0.78) — Max Haiven, Cultures of Financialization, 129
• Financialization colonizes culture by fusing economic price with social value #expands (0.75) — Max Haiven, Cultures of Financialization, 561
• Households signal financialization through risk-taking, relaxed debt attitudes, and speculative strategies #exemplifies (0.72) — Neil Fligstein & Adam Goldstein, The Emergence of a Finance Culture in…, 48