Introduction

Financial abuse is a form of domestic violence that often goes unnoticed but can have devastating consequences on the victim’s ability to achieve independence and stability. It is crucial to understand what financial abuse is, how it manifests, and the various ways it can be perpetrated. This lesson will provide a comprehensive definition of financial abuse and explore the different types that victims may encounter.

What is Financial Abuse?

Financial abuse occurs when one person in a relationship controls another’s access to financial resources, thereby limiting their autonomy and independence. This type of abuse is used to maintain power and control over the victim, making it difficult for them to leave the relationship or achieve financial security. Financial abuse can happen to anyone, regardless of gender, age, or socioeconomic status, and it often accompanies other forms of abuse, such as emotional, psychological, or physical abuse.

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