Payday loans in the press: a discourse-mythological analysis of British newspaper coverage of the payday loan industry

Budd, Kate; Kelsey, Darren; Mueller, Frank; Whittle, Andrea

doi:10.1080/10350330.2018.1526466

Cited by 3 publications

(3 citation statements)

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“…Piatak et al, 2017). It is this negativity bias that may contribute to the poor image of payday lenders (Budd et al, 2018) and how negative experiences with them can lead to disproportionately greater blame attributions. The identification of different types of bias that can influence blame attribution supports the argument that blame is not necessarily assigned rationally, as the evaluation of a negative experience may well be influenced by an individual's experiences, knowledge, attitudes and perceptions.…”

Section: Integrated Perspectives On Blame Attributionmentioning

confidence: 99%

Blaming me, blaming you! The pendulum of blame in payday lending

2021

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Following a negative service experience, existing studies assert that consumers attribute blame either internally (self-blame) or externally (other-blame) with little indication that the attribution ever changes. This study explores blame to discover whether there are changes in attribution, specifically whether it may shift from self to other. Analysing qualitative data from borrowers in the payday lending market using I-/They-poems, this study finds firstly that blame oscillates between self and other and, secondly, that payday borrowers practice counterfactual thinking to alleviate negative emotions, which in turn prompts this blame oscillation. In revealing that blame attribution can act as a pendulum oscillating between self and other, this study makes a critical advance to existing blame research. The study also supports previous studies in I-/They-poems in uncovering novel insights into consumer theory. Evidence also emerges that the neoliberal view of the ‘empowered consumer’ interacts with the more traditional, organisation-oriented perspective, as from a consumer behaviour perspective, the attempts to improve psychological well-being and the oscillation of blame contribute to shifts in the perceived power in the loan market.

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Section: Integrated Perspectives On Blame Attributionmentioning

confidence: 99%

Blaming me, blaming you! The pendulum of blame in payday lending

2021

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“…Establishing a research method that focuses particularly on the discursive construction of myth in news media, Kelsey (2013Kelsey ( , 2017 has analysed many news stories that mythologized historic events and victimized people. A recent study also demonstrated how the mythologized meaning of a financial practice is constructed by British news media (Budd et al 2020). Natural disasters, power struggles and conflicts with neighbouring countries tend to be widely covered by news media, as these stories contain conventional news values such as timeliness, familiarity, conflict, unexpectedness and superlativeness (Bell 1991;Galtung and Ruge 1965).…”

Section: Myth and Newsmentioning

confidence: 96%

Mythologizing the face mask: How protective covers became political during the fine-dust and COVID-19 crises in South Korea

Kim

2021

International Journal of Media &Amp; Cultural Politics

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This study aimed to demonstrate how South Korean news media routinized and sensationalized the face mask amid two recent public health crises: the fine-dust crisis and the COVID-19 epidemic. News media appropriated the mythologized meaning of the face mask as a symbol of individual safety during the two crises. This study analyses news articles to answer three questions: (1) How was wearing the face mask mythologized as a routinized practice in days of uncertain risk? (2) How was the face mask politicized as a mythologized sign indicating China as an external threat? and (3) How was the face mask politicized as a symbolic code of the government’s responsibility for the crisis? Once signified as the primary means of individual protection in the context of Korean risk society, the face mask became politicized amid the shortage of the face mask. Placed in the context of the recent disastrous crises in Korea, China was identified as the culprit not only in the epidemic but also in the shortage of the face mask. The meaning of China as an external threat was continuously strengthened when the South Korean government opted out of the entry ban on Chinese citizens. The last analytic part presents how news media politicized the epidemic by associating the face mask crisis with the Korean government.

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“…One way of overcoming these difficulties may be for an individual to borrow from within the payday loan industry; a known coping strategy in such circumstances. While this industry only represents one per cent of the consumer credit market, it grew from an 'estimated £900 million in 2008/09 to over £2 billion in 2011/12' (Office of Fair Trading, 2013:9; also see Budd et al, 2020). Payday loans have incredibly high interest rates and tend to be taken out by those with poor credit history and limited access to other loan products, with 80-90 percent being taken out via the internet, thus demonstrating accessibility (Langley et al, 2019).…”

Section: Enabling Financial Security At the Household Levelmentioning

confidence: 99%

Exploring informal support networks amongst Pakistani Muslims in deprived areas of Sheffield

Woodward¹

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This thesis aims to explore the extent, rationales and utilisation of informal support networks amongst Pakistani Muslims living in deprived areas of Sheffield. Historical data show that the early Pakistani migrants that came to Britain, engaged in informal support with fellow migrants. Due to the structural constraints that they experienced upon arrival, migrants collectively shared and pooled their financial resources. There is evidence to suggest that these practices have continued and that Pakistani communities in general, actively engage in mutual aid within their social networks. However, little is known about the motivations for this or how extensive this activity is in Britain. Building upon this knowledge is of great importance since Pakistanis are one of the most likely ethnic groups in the UK to be at high risk of poverty. This thesis seeks to address a gap in knowledge surrounding the coping strategies used by this group and any associated benefits in the current socio-economic climate. This thesis acknowledges that different ethnic groups experience poverty and deprivation in different ways and responds to the need for a more holistic approach to empirical research with deprived populations. As such, the thesis moves beyond the view that deprived populations are a homogenous group leaning on state support or emergency food banks to get by. It challenges the tendency to measure poverty by household income, highlighting the important role of extensive kinship networks amongst Pakistanis in Britain and the additional resources these provide. In doing so, the thesis highlights nuances surrounding ethnicity, culture and religion and why these must be considered. The research data are drawn from semi-structured interviews with 24 Pakistani Muslim men and women and is supported by a focus group which comprised of six Pakistani Muslim ‘working mothers’. Participants lived in tight-knit communities where collective action is prevalent along with an inter-dependency upon others to provide support. Participants were not individualistic in their actions but recognised that through shared solidarity and commonality, they were stronger together and could achieve more this way. Taking a thematic approach to the data analysis, the thesis is supported by a theoretical and analytical framework which draws upon the concepts of ethnic and Islamic capital. The research highlights the complex entanglement of religion and culture, demonstrating that whilst the two cannot be separated, both act as a precursor for engagement in informal support. The research makes two main contributions to knowledge. First, the thesis adds to understanding around the role that culture and religion plays in relation to food insecurity among Pakistani Muslims. Contributing to the limited knowledge around why food bank usage is underrepresented among Pakistanis, the thesis provides important empirical evidence of how food provision is negotiated within families and the wider community. Second, the thesis contributes to the very dated literature that exists around the use of informal financial resources among Pakistanis in Britain. It challenges the normative view that deprived populations lack the financial resources to meet their needs, as well as opportunities to develop economic capital. The thesis subsequently contributes to further understanding of why this group appears to engage less with formal provision and the roles that ethnicity, culture and religion play in this. The research will be of interest to academics, policy makers and practitioners seeking to better understand the role of the voluntary and community sector, as well as those exploring the needs and experiences of vulnerable and ‘hard-to-reach’ groups.

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Payday loans in the press: a discourse-mythological analysis of British newspaper coverage of the payday loan industry

Abstract: A. (2020) 'Payday loans in the press : a discourse-mythological analysis of British newspaper coverage of the payday loan industry.', Social semiotics., 30 (1). pp. 25-44.

Cited by 3 publications

References 38 publications

Blaming me, blaming you! The pendulum of blame in payday lending

Blaming me, blaming you! The pendulum of blame in payday lending

Mythologizing the face mask: How protective covers became political during the fine-dust and COVID-19 crises in South Korea

Exploring informal support networks amongst Pakistani Muslims in deprived areas of Sheffield

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