Kavita Datta
- Published in print:
- 2012
- Published Online:
- January 2013
- ISBN:
- 9781847428431
- eISBN:
- 9781447307549
- Item type:
- book
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781847428431.001.0001
- Subject:
- Sociology, Social Stratification, Inequality, and Mobility
This original and topical book tells the untold stories of migrants' experiences of, and responses to, financial exclusion in London. Breaking important new ground, it offers an insight into ...
More
This original and topical book tells the untold stories of migrants' experiences of, and responses to, financial exclusion in London. Breaking important new ground, it offers an insight into migrants' lives which is often overlooked, yet is increasingly vital for their broader integration into advanced financialised societies. Adopting a holistic focus, Migrants and their money investigates migrants' complex financial lives which extend far beyond remittance sending, exploring their banking, saving, credit and debt related practices. It highlights how migrants negotiate the complex financial landscape they encounter in London, and the diverse formal and informal ways in which they manage their money in the financial capital of the world. Drawing upon a rich evidence base comprising of interviews with transnational migrants from the global South and Central and Eastern Europe, this book will be of particular interest to academics, local authorities, policy makers and the financial services industry.Less
This original and topical book tells the untold stories of migrants' experiences of, and responses to, financial exclusion in London. Breaking important new ground, it offers an insight into migrants' lives which is often overlooked, yet is increasingly vital for their broader integration into advanced financialised societies. Adopting a holistic focus, Migrants and their money investigates migrants' complex financial lives which extend far beyond remittance sending, exploring their banking, saving, credit and debt related practices. It highlights how migrants negotiate the complex financial landscape they encounter in London, and the diverse formal and informal ways in which they manage their money in the financial capital of the world. Drawing upon a rich evidence base comprising of interviews with transnational migrants from the global South and Central and Eastern Europe, this book will be of particular interest to academics, local authorities, policy makers and the financial services industry.
Glen Bramley and Kirsten Besemer
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447334224
- eISBN:
- 9781447334309
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447334224.003.0012
- Subject:
- Sociology, Social Stratification, Inequality, and Mobility
Exclusion from financial services in the form of bank accounts has fallen and appears less significant than informal borrowing and problem debt, which have increased dramatically and are strongly ...
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Exclusion from financial services in the form of bank accounts has fallen and appears less significant than informal borrowing and problem debt, which have increased dramatically and are strongly associated with poverty. The most common arrears problems are with housing, local taxes and utility bills, not consumer credit. About a fifth of households are not poor but exhibit similar signs of financial stress. Family remains more important than ‘payday lenders’ as a source of informal lendng,underlining the importance of social capital
Less
Exclusion from financial services in the form of bank accounts has fallen and appears less significant than informal borrowing and problem debt, which have increased dramatically and are strongly associated with poverty. The most common arrears problems are with housing, local taxes and utility bills, not consumer credit. About a fifth of households are not poor but exhibit similar signs of financial stress. Family remains more important than ‘payday lenders’ as a source of informal lendng,underlining the importance of social capital
Kavita Datta
- Published in print:
- 2012
- Published Online:
- January 2013
- ISBN:
- 9781847428431
- eISBN:
- 9781447307549
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781847428431.003.0001
- Subject:
- Sociology, Social Stratification, Inequality, and Mobility
The opening chapter considers the evolution of financial exclusion in the UK from the 1980s onwards and the key processes that have shaped it. It identifies the emergence of distinctive geographies ...
More
The opening chapter considers the evolution of financial exclusion in the UK from the 1980s onwards and the key processes that have shaped it. It identifies the emergence of distinctive geographies of financial exclusion as well as factors which render particular groups at risk of exclusion. It discusses the wide-ranging socio-economic and political implications of living at the margins of a financialised economy. Alongside this, this chapter also tells the story of growing transnational migration to the UK and specifically London, detailing the nature of this migration and the forces shaping transnational mobility. It highlights the factors underlying the exclusion of migrants from formal financial services. Finally, it outlines the complex and hybrid financial practices deployed by financially excluded individuals and households which are shaped by varying degrees of inclusion and exclusion from formal financial circuits which reflect a preference for different ways of ‘doing finance’.Less
The opening chapter considers the evolution of financial exclusion in the UK from the 1980s onwards and the key processes that have shaped it. It identifies the emergence of distinctive geographies of financial exclusion as well as factors which render particular groups at risk of exclusion. It discusses the wide-ranging socio-economic and political implications of living at the margins of a financialised economy. Alongside this, this chapter also tells the story of growing transnational migration to the UK and specifically London, detailing the nature of this migration and the forces shaping transnational mobility. It highlights the factors underlying the exclusion of migrants from formal financial services. Finally, it outlines the complex and hybrid financial practices deployed by financially excluded individuals and households which are shaped by varying degrees of inclusion and exclusion from formal financial circuits which reflect a preference for different ways of ‘doing finance’.
Kavita Datta
- Published in print:
- 2012
- Published Online:
- January 2013
- ISBN:
- 9781847428431
- eISBN:
- 9781447307549
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781847428431.003.0007
- Subject:
- Sociology, Social Stratification, Inequality, and Mobility
Chapter Seven summarises the main findings of the research explored in the book and considers the implications for future migrants. It reiterates the dominance of finance in the UK which has shaped ...
More
Chapter Seven summarises the main findings of the research explored in the book and considers the implications for future migrants. It reiterates the dominance of finance in the UK which has shaped the nature and scope of financial exclusion as groups of people are pushed to the margins. The consequences of financial exclusion are shown to be severe and multi-faceted, and reinforce broader socioeconomic and political marginalisation.Less
Chapter Seven summarises the main findings of the research explored in the book and considers the implications for future migrants. It reiterates the dominance of finance in the UK which has shaped the nature and scope of financial exclusion as groups of people are pushed to the margins. The consequences of financial exclusion are shown to be severe and multi-faceted, and reinforce broader socioeconomic and political marginalisation.
