Financial Abuse 101

…Until then, we’ve compiled some fundamental information on Financial Abuse for you, below, to help us integrate our actions against abuse.  If you have any additional information or feedback, please share!

What is Financial Abuse?

Financial abuse may be “subtle or overt but in in general, includes tactics to limit one’s access to assets or conceal information and accessibility to finances. About 98% of abusive relationships and surveys of survivors reflect that concerns over their ability to provide financially for themselves and their children was one of the top reasons for staying in or returning to a battering relationship” – National Network to End Domestic Violence (NNEDV)

Financial Abuse might include:

  • Controlling all decisions of how money is spent
  • ˆWithholding money or “giving an allowance”
  • ˆWithholding basic living resources, medication or food
  • ˆNot allowing their partner to work or earn money
  • ˆStealing their partner’s identity, money, credit or property
  • May justify behavior as cultural or religious

Source: http://nnedv.org/downloads/EconJust/Curriculum_English_2010/PC_Module_One_June2010_FINAL.pdf

Who does Financial Abuse affect?

Like with other types of abuse, financial abuse can happen to the elderly, adults, college students, and children and youth. It can happen to females, males, and LGBTQ (lesbian, gay, bisexual, transgendered, and queer) individuals, regardless of race, socioeconomic background, appearance, and sexual orientation.  Some statistics include:

Where can you find out more to reduce Financial Abuse?

Image Source: Stop Abuse campaign

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