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Financial/Economic Abuse

What Is Financial or Economic Abuse?

Financial and economic abuse is a form of domestic violence in which the abuser uses money as a means of controlling his or her partner. Financial and economic abuse is only one tactic that an abuser may use to gain power and dominance over his or her victim.

An abuser may deny his or her partner money. One way this is accomplished may be by forbidding a partner to be employed. This makes the non-working partner dependent upon the abuser for money. There are some economically abused women who are forced to beg their partner for everyday necessities such as diapers (for children), food and/or health care. If an abuser does permit his or her partner to work, he or she may be required to hand over their paycheck each week to their abuser.

Many times an abuser will give money to his or her partner. However, it may not be sufficient enough to meet the needs of the individual. Any monies that are given to a partner by an abuser will generally have to be accounted for and proof will have to be shown of all purchases.

Many financial and economic abusers will put all of the family bills in their victim’s name. At the same time, the abuser will not allow his or her partner to see bank records, bills or credit records. Many financial and economic abusers are not good with money and he or she will end up destroying the credit of their partners.

Some economic abusers who require their partners to do illegal acts for money. There are also abusers who will use any money brought in for children through welfare, child support checks, or monetary gifts on themselves.

Some financial abusers who refuse to work, putting the burden upon their partners to keep the household running. However, money that is brought in by the working victim is mishandled and squandered by the abuser. Then, the victim is berated if bills fall behind.

If you are a victim of domestic violence, help is available. Call the National Domestic Violence Hotline at 1-800-799-SAFE. They will direct you to places in your area where you can seek help.

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