Although at least one study found it occurs in 99% of domestic violence cases, financial abuse is one of the least discussed aspects of unhealthy and abusive relationships between intimate partners. Financial abuse happens when the perpetrator of abuse controls the abused partner’s access to financial resources. This could include stealing money or creating an environment where the abused partner is unable or not allowed to work, leaving them financially dependent upon their abuser. Often, people in such situations won’t have complete access to their funds, and if they do have any access their use of financial resources is closely watched and they are expected to provide a detailed account of expenditures. This is another way for an abusive partner to maintain control and power over the person they are abusing. This also happens to be a common method of keeping the victim/survivor trapped in the relationship, as research shows that financial insecurity is a top reason survivors stay with or return to abusive partners. The effects and consequences of financial abuse can follow a survivor long after they have broken free of the relationship and affect their ability to regain financial stability.
The National Coalition Against Domestic Violence (NCADV) in partnership with the National Endowment for Financial Education (NEFE), provides a free webinar series to assist survivors with financial education. The six webinars in the series focus on financial education and are aimed at both the survivors of domestic violence and those who serve them.
To learn more about the series and to watch the free webinars, visit the NCADV website.Continue Reading No Comments