Research on household financialization remains fragmented across separate markets

Evidence

Economists and sociologists have studied fragmentary pieces of this process, including changes in household portfolio mix; shifts in attitudes about risk, financial literacy and the performance of retail stock investors (see Tufano, 2009, for an overview). Scholars have also studied evolving patterns of participation in particular financial markets, including credit cards (Manning, 2001; Zinman, 2009), mortgage credit (Dynan and Kohn, 2007; Mian and Sufi, 2010) and stock equities (Kremp, 2010). Yet, we lack a panoramic analysis of the financialization of American households over the previous two decades. — Neil Fligstein & Adam Goldstein, The Emergence of a Finance Culture in…, 13

Categorization

• XREF: connects to: The financialization literature lacks a unified definition across four competing usages — Greta R. Krippner, The Financialization of the American…, 41; Financialization has competing explanations from three distinct scholarly disciplines. — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 30

Related

• Financialization has competing explanations from three distinct scholarly disciplines. (similarity 0.86)
• Financialization expanded by selling financial products directly to households (similarity 0.85)
• The financialization literature lacks a unified definition across four competing usages (similarity 0.84)
• Financialization of households is stratified by class, not uniform (similarity 0.83)
• Financial markets reshaped households, corporations, and states over the past 30 years. (similarity 0.83)
• Financialization lacks rigorous empirical evidence defining its timing and magnitude (similarity 0.82)
• Financialized risk-taking is concentrated in the upper middle class, not spread across all earners (similarity 0.82)
• Financialization forced households to adopt a proactive finance culture beyond just consuming more debt. (similarity 0.82)
• Households signal financialization through risk-taking, relaxed debt attitudes, and speculative strategies (similarity 0.81)
• Households are pushed into financial markets that promise lifestyle advancement. (similarity 0.81)
• Scholars asserted financialization’s existence without providing direct evidence (similarity 0.81)
• Financialization does not yield uniform convergence across national contexts. (similarity 0.81)
• Financialization also operates as a cultural shift toward entrepreneurial self-management of household finances. (similarity 0.80)
• Household financialization involves adopting new entrepreneurial mindsets, not just buying more financial products. (similarity 0.80)
• The US economy became increasingly financialized in the post-1970s period. (similarity 0.80)

Broader Connections

• The financialization literature lacks a unified definition across four competing usages #expands (0.82) — Greta R. Krippner, The Financialization of the American…, 41
• Financialization has competing explanations from three distinct scholarly disciplines. #expands (0.75) — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 30