Shine a light on violence against women
Day 7 - financial abuse
Financial abuse is a tactic used by abusers to gain power and control in a relationship.
For some, financial abuse is present throughout the relationship and in other cases it becomes present when a victim tries to leave, or has left, the relationship.
Financial abuse is one of the most powerful methods of keeping a victim in an abusive relationship.
Some of the common methods used to gain financial control over someone include:
- Forbidding the victim to work
- Controlling how all of the money is spent
- Not allowing the victim access to bank accounts
- Withholding money or giving "an allowance"
- Exluding the victim from investment or banking decisions
- Forbidding the victim from attending job training or advancement opportunities
- Running up large amounts of debt on joint accounts
- Refusing to work or contribute to the family income
- Withholding funds for the victim or children to obtain basic needs such as food and medicine
- Hiding assets
- Stealing the victim's identity, property or inheritance
- Forcing the victim to work in a family business without pay
- Refusing to pay bills and ruining the victims' credit score
- Forcing the victim to turn over public benefits or threatening to turn the victim in for "cheating or misusing benefits"
- Filing false insurance claims
Thanks to the National Network to End Domestic Violence for this information.
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