Financial abuse is a subtle yet powerful form of control and manipulation that often coexists with other forms of domestic violence. This insidious behavior involves the exertion of power over a victim’s economic resources, limiting their financial independence and autonomy.
Financial abuse is not only about controlling the money; it is a tactic used to keep victims trapped in abusive relationships, making it more challenging for them to escape
Perpetrators of financial abuse often take control of the victim’s financial resources, such as bank accounts, credit cards, and income. They may monitor all financial transactions, leaving the victim with little to no access to money.
“FINANCIAL ABUSE IS FREQUENTLY ACCOMPANIED BY THREATS OF ECONOMIC HARM. THE ABUSER MAY WARN THE VICTIM OF DIRE CONSEQUENCES, SUCH AS HOMELESSNESS OR LOSS OF CUSTODY, IF THEY ATTEMPT TO LEAVE OR SEEK HELP.”
Financial independence is a key aspect of breaking free from the cycle of domestic violence and rebuilding a life free from coercion and control.
