What factors affect individual motivations to save?. Management

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Financial decisions are framed by the context:

  • individual capabilities
  • family and social situation
  • wider social ad economic conditions

Reasons for saving:

  • Precautionary (rainy day, unforeseen events)
  • Planned lifecycle (buying a house, getting married, retirement)
  • Intra household (children's tuition fees, parents carehome)

Examples of wider social and economic conditions:

  • Welfare contract with the state, eg children, illness, pensions, unemployment benefit
  • Financial deregulation: competitive market for financial products, aggressive sales and marketing, choice vs complexity, innovation vs misselling.
  • Cultural elements to the 2008 Crash.
Materials by theme:
Formation of primary social relationships Lections
Emotional Deviance Lections
Social Structural Effects on Emotions Lections
Affective Maximization Lections
Social Models in the Explanation of Emotions Lections
The Psychology of Emotions Lections
Forensic Psychology. Deception. Lections
Social Psychology - Introduction Lections
Social Psychology - The Social Self Lections
Social Psychology - Stereotypes, Prejudice, and Discrimination Lections