Social exclusion - Deepstash

Social exclusion

Social exclusion

  • a state of physical/emotional isolation involving feelings of loneliness due to being left out, ignored or ostracised by others
  • leads to anti-social behaviour

influences:

  • preference for distinctive products: psychological emptiness/ unsatisfactory interpersonal relationships intensify the desire for material possessions and conspicuous consumption
  • risk-taking behaviour: present-day bias, less conservative investment behaviour
  • inclination towards brand/ product switching (self-efficacy, sense of control)
  • financial literacy is lower in developing countries; lowest w.r.t. risk diversification

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