Financial abuse involves controlling a victim’s ability to acquire, use, and maintain financial resources. Those who are victimized financially may be prevented from working. They also may have their own money restricted or stolen by the abuser. And rarely do they have complete access to money and other resources.
What is financial coercion?
Or as Shannon Thomas perfectly put it, “Financial abuse is the coercion, exploitation, or control of an intimate partner, peer, or family member’s financial stability.” This might look like a spouse demanding that you put your whole paycheck into a joint account (even though they only put in half of theirs), then …
What is coerced debt?
Coerced debt is debt that an abusive partner has taken out in the victim’s name without that person’s knowledge or debt taken out by the victim but under force or threat of an abusive partner.
What are the three types of financial abuse?
Types of financial abuse
