The Wealth Effect: A cultural analysis of prosperity, financialisation and everyday life in contemporary Australia. Financial and real estate markets are now central to Australian family life. But current government policies to individualise responsibility for saving and borrowing decisions often exceed the individual capacity to manage complex financial choices and unknown market risks. Growing levels of home and property ownership bring new benefits but they also increase exposure to economic ....The Wealth Effect: A cultural analysis of prosperity, financialisation and everyday life in contemporary Australia. Financial and real estate markets are now central to Australian family life. But current government policies to individualise responsibility for saving and borrowing decisions often exceed the individual capacity to manage complex financial choices and unknown market risks. Growing levels of home and property ownership bring new benefits but they also increase exposure to economic downturn. For many households the Great Australian Dream of home ownership and prosperity has now turned into a nightmare. This project responds to the pressing need for greater understanding of these developments, and will advance our understanding of this new socio-economic terrain.Read moreRead less