Personal debt, cognitive delinquency and techniques of governmentality: neoliberal constructions of financial inadequacy in the UK

Research output: Contribution to journalArticle

Abstract

In the UK in recent years, there has been a considerable and sustained increase in both levels of personal debt and over-indebtedness. This commentary argues that recent UK policy formulation on personal debt management has sidelined problematic macroscopic political and economic changes by locating personal debt as a problem of individual financial incompetence. Through specific institutions, tools, techniques and practices, certain configurations of people in debt have been rendered knowable and changeable. In doing so, public policies that have brought about a greater need for a greater number of people to rely on personal debt remain largely beyond public view and have instead been reconstituted as problems of access to financial capability training.
Original languageEnglish
Pages (from-to)533-558
Number of pages26
JournalJournal of Community and Applied Social Psychology
Volume22
Issue number6
DOIs
Publication statusPublished - 2011

Bibliographical note

Copyright © 2011 John Wiley & Sons, Ltd.

Keywords

  • personal debt
  • neoliberal
  • governmentality
  • finance skills

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