The emotional dimension of trading on home in later life: Experiences of shame, guilt and pride

Research output: Chapter in Book/Report/Conference proceedingChapter

Standard

The emotional dimension of trading on home in later life: Experiences of shame, guilt and pride. / Overton, Louise; Fox O'Mahony, Lorna; Gibson, Matthew.

Thinking Home: Interdisciplinary Dialogues. ed. / Bojana Petric ; Sanja Bahun. 1st. ed. Bloomsbury, 2018. (Thinking Home: Interdisciplinary dialogues).

Research output: Chapter in Book/Report/Conference proceedingChapter

Harvard

Overton, L, Fox O'Mahony, L & Gibson, M 2018, The emotional dimension of trading on home in later life: Experiences of shame, guilt and pride. in B Petric & S Bahun (eds), Thinking Home: Interdisciplinary Dialogues. 1st edn, Thinking Home: Interdisciplinary dialogues, Bloomsbury.

APA

Overton, L., Fox O'Mahony, L., & Gibson, M. (2018). The emotional dimension of trading on home in later life: Experiences of shame, guilt and pride. In B. Petric , & S. Bahun (Eds.), Thinking Home: Interdisciplinary Dialogues (1st ed.). (Thinking Home: Interdisciplinary dialogues). Bloomsbury.

Vancouver

Overton L, Fox O'Mahony L, Gibson M. The emotional dimension of trading on home in later life: Experiences of shame, guilt and pride. In Petric B, Bahun S, editors, Thinking Home: Interdisciplinary Dialogues. 1st ed. Bloomsbury. 2018. (Thinking Home: Interdisciplinary dialogues).

Author

Overton, Louise ; Fox O'Mahony, Lorna ; Gibson, Matthew. / The emotional dimension of trading on home in later life: Experiences of shame, guilt and pride. Thinking Home: Interdisciplinary Dialogues. editor / Bojana Petric ; Sanja Bahun. 1st. ed. Bloomsbury, 2018. (Thinking Home: Interdisciplinary dialogues).

Bibtex

@inbook{2908cdb3952041848dda5526f5ec8528,
title = "The emotional dimension of trading on home in later life:: Experiences of shame, guilt and pride",
abstract = "Financial services, including home finance products which borrow against the value of the owned home, are increasingly positioned as a key feature in older people{\textquoteright}s lives. As our population ages, welfare reform policies that have retrenched public provision of income security, housing and social care, require individuals to take greater responsibility (and bear greater risk) for their financial needs in retirement. Yet, the emotional dimension of housing debt, particularly for older people who struggle financially, has largely been overlooked in the discourse of asset-based welfare. This is surprising, in light of the wealth of literature focusing on the emotional dimensions of housing and home, and the heightened influence of affective reasoning for older people{\textquoteright}s financial decision-making. The emotional effects of equity release transactions come into sharp relief as they intersect with an ideal of {\textquoteleft}active citizenship{\textquoteright} that marks out financial self-provision as an indicator of success. This paper draws on new qualitative research to explore the roles of shame, guilt and pride in equity release transactions, to reflect on the emotional dimensions of trading on the home in later life, and to consider the implications for policy and practice in financial services.",
keywords = "older owners, housing debt, equity release, asset-based welfare, shame, guilt, pride",
author = "Louise Overton and {Fox O'Mahony}, Lorna and Matthew Gibson",
year = "2018",
month = oct
day = "4",
language = "English",
series = "Thinking Home: Interdisciplinary dialogues",
publisher = "Bloomsbury",
editor = "{Petric }, Bojana and Bahun, {Sanja }",
booktitle = "Thinking Home:",
edition = "1st",

}

RIS

TY - CHAP

T1 - The emotional dimension of trading on home in later life:

T2 - Experiences of shame, guilt and pride

AU - Overton, Louise

AU - Fox O'Mahony, Lorna

AU - Gibson, Matthew

PY - 2018/10/4

Y1 - 2018/10/4

N2 - Financial services, including home finance products which borrow against the value of the owned home, are increasingly positioned as a key feature in older people’s lives. As our population ages, welfare reform policies that have retrenched public provision of income security, housing and social care, require individuals to take greater responsibility (and bear greater risk) for their financial needs in retirement. Yet, the emotional dimension of housing debt, particularly for older people who struggle financially, has largely been overlooked in the discourse of asset-based welfare. This is surprising, in light of the wealth of literature focusing on the emotional dimensions of housing and home, and the heightened influence of affective reasoning for older people’s financial decision-making. The emotional effects of equity release transactions come into sharp relief as they intersect with an ideal of ‘active citizenship’ that marks out financial self-provision as an indicator of success. This paper draws on new qualitative research to explore the roles of shame, guilt and pride in equity release transactions, to reflect on the emotional dimensions of trading on the home in later life, and to consider the implications for policy and practice in financial services.

AB - Financial services, including home finance products which borrow against the value of the owned home, are increasingly positioned as a key feature in older people’s lives. As our population ages, welfare reform policies that have retrenched public provision of income security, housing and social care, require individuals to take greater responsibility (and bear greater risk) for their financial needs in retirement. Yet, the emotional dimension of housing debt, particularly for older people who struggle financially, has largely been overlooked in the discourse of asset-based welfare. This is surprising, in light of the wealth of literature focusing on the emotional dimensions of housing and home, and the heightened influence of affective reasoning for older people’s financial decision-making. The emotional effects of equity release transactions come into sharp relief as they intersect with an ideal of ‘active citizenship’ that marks out financial self-provision as an indicator of success. This paper draws on new qualitative research to explore the roles of shame, guilt and pride in equity release transactions, to reflect on the emotional dimensions of trading on the home in later life, and to consider the implications for policy and practice in financial services.

KW - older owners

KW - housing debt

KW - equity release

KW - asset-based welfare

KW - shame

KW - guilt

KW - pride

M3 - Chapter

T3 - Thinking Home: Interdisciplinary dialogues

BT - Thinking Home:

A2 - Petric , Bojana

A2 - Bahun, Sanja

PB - Bloomsbury

ER -