The variegated financialization of sub-prime credit markets

Lindsey Appleyard, K. Rowlingson, J. Gardner

    Research output: Contribution to journalArticlepeer-review

    20 Citations (Scopus)
    86 Downloads (Pure)


    The ‘financialization of everyday life’ is a concept widely recognized by academics as an increasingly fundamental way of understanding the impact of neoliberal ideologies and financial processes on individual identities, subjectivities and relationships with financial services. This article contributes to debates on the consumption of sub-prime credit and calls for a sophisticated analysis of this aspect of financialization to take into account the variegated use of financial services and use of credit by people on low and moderate incomes. Drawing on qualitative analysis of the ‘lived experience’ of financialization, based on rigorous in-depth interviews with 44 low/middle income borrowers in the United Kingdom the article concludes that: individuals are at risk of financial insecurity due to increasing variegation of credit markets, and; that the binaries of ‘super inclusion’/’relic’ financial ecologies fail to reflect the complexity and variegation of credit use in contemporary society as a result of financialization.
    Original languageEnglish
    Pages (from-to)297-313
    JournalCompetition & Change
    Issue number5
    Publication statusPublished - 30 Jun 2016

    Bibliographical note

    This article is distributed under the terms of the Creative Commons Attribution 3.0 License ( which permits any use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page (


    • Financialization
    • consumer credit
    • personal finance
    • sub-prime
    • financial inclusion
    • financial exclusion


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