Financial Abuse

Financial abuse is a common tactic used by abusers to gain power and control in a relationship.  The forms of financial abuse may be subtle or overt but in in general, include tactics to limit the partner’s access to assets or conceal information and accessibility to the family finances.   Financial abuse along with emotional, physical and sexual abuse, manipulation, intimidation and threats are all intentional tactics used by an abuser aimed at entrapping the partner in the relationship.  In some abusive relationships, financial abuse is present throughout the relationship and in other cases financial abuse becomes present when the survivor is attempting to leave or has left the relationship.

Financial abuse, while less commonly understood, is one of the most powerful methods of keeping a survivor trapped in an abusive relationship and deeply diminishes her ability to stay safe after leaving an abusive relationship.   Research indicates that financial abuse is experienced in 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 reason for staying in or returning to a battering relationship. As with all forms of abuse, it occurs across all socio-economic, educational and racial and ethnic groups.

Source: http://nnedv.org/resources/ejresources/about-financial-abuse.html