The financialisation of everyday life? An analysis of financial subjectivities and attitudes to economic risk in Spain

  1. Abalde, Nazaret 1
  1. 1 University of A Coruña, Spain
Journal:
Revista internacional de sociología

ISSN: 0034-9712

Year of publication: 2020

Issue Title: Las consecuencias sociales de la financiarización: actores, procesos y estructuras de la economía financiarizada en Europa

Volume: 78

Issue: 4

Type: Article

DOI: 10.3989/RIS.2020.78.4.M20.004 DIALNET GOOGLE SCHOLAR lock_openOpen access editor

More publications in: Revista internacional de sociología

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Abstract

This article addresses the constitution of financial subjectivities in Spain. It is part of a series of studies aimed at furthering knowledge of the financialisation of everyday life, a process that is redefining the lifecycles of individuals and forging new spaces for calculation and investment. Our work analyses this process, using the technique of the semi-structured in-depth interview. The discourse analysis, based on an analytical model of the concept of financial subjectivity, points to a lack of correspondence between the theoretical contributions concerning this concept and empirical findings. Respondents’ economic behaviour was found to be only weakly financialised. A generalised lack of trust in the financial system, together with the predominance of public social welfare structures, discourage the use of financial investment as a means of protection against risk.

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Funding information

This article has received funding from the project “Social consequences of financialisation: monetary accumulation, lack of employment, social inequality” funded by the Ministry of the Economy and Competitiveness- Government of Spain, project reference number: CSO2016-78122-R.

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