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Money-Related Meanings and Practices in Low-Income and Poor Families

Bibliographic Data

ID2322800
AuthorsMary E Daly (0000-0003-0278-3232, University of Oxford), Mary Daly (0000-0003-0129-0989, University of Oxford, corresponding author)
Year2017
Volume51
Issue2
Pages450-465
Publication date2017-04-01
Open AccessYes
TypeARTICLE
VenueSociology (JOURNAL)
Journal identifiersISSN: 0038-0385 • E-ISSN: 1469-8684
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0038038515616355
OpenAlexW2342042672
LanguageEN
Citations received12
References cited18

This article focuses on the meanings and repertoires of action associated with money in low-income and poverty circumstances. Based on interviews with 51 people, the analysis reveals how people on a low income actively engage with money as a way of situating themselves in their complex worlds. Money is investigated at two levels: praxis and orientation regarding spending, and as part of self-identity. In regard to spending, people displayed two main repertoires: one was functional (viewing money as a way of meeting material need) and the second relational (with money interpreted in regard to relationships and upholding of personal and familial values). These repertoires in turn link into self-understanding and world view. For people in poverty and low income, money can be a disabler, detracting from a valued identity and sense of future but a counter, more positive, orientation normalises lack of money, by reference to skills and character development and core values and relationships. The research as a whole underlines the complexity of money in low-income or poverty settings, the agency and creativity which people bring to its use and the diverse meanings they invest it with

Action (physics) · Aesthetics · Agency (philosophy) · Economic growth · Economics · Identity (music) · Poverty · Social science · Sociology · Structure and agency · Housing, Finance, and Neoliberalism · Psychology · Social and Cultural Dynamics · Social Psychology

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    Open Access•Anna Gonon•Social Politics International…•2025

  • Two Good Forgivers? Forgiveness as a Moderator of the Association between Similarity of Financial Values and Relationship Flourishing

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Citations per year1.5
Citation span2018 - 2026 (9)
Highly citedNo

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