The Evolution of Debt in Modern UK Society

This chapter explores the historical development of debt and personal consumption in the UK, highlighting the interplay between low interest rates, economic crises, and changing consumer behaviors. It addresses the moral implications of debt, generational attitudes towards borrowing, and the impact of neoliberal policies on financial accessibility, particularly for women. Additionally, the discussion critiques the shift from personal lending practices to algorithm-driven assessments, emphasizing societal and class distinctions in the context of financial decision-making.