Financial Abuse Resources for Survivors
Financial Abuse Resources:
Money may not buy happiness, but it does get you to a place where you feel safe. And safe? That’s a very good place to be.
A sincere thank you to Amikar Rodriguez from annuity.org for sending me an in-depth look at financial abuse. Read on to see if you can identify this overlooked abuse in your own life,
or in those closest to you.
Financial abuse? What does it look like? Trafficking is the illegal buying and selling of goods. But what many people don't realize is that financial abuse is part of many relationships … not just trafficker and trafficked. Financial abuse takes place in what many consider a ‘normal healthy relationship’. What once was considered ‘normal’ is now recognized as abuse.
By the numbers (PA coalition against domestic abuse):
1. #1 reason victims stay in an abusive relationship is for financial/economic reasons
2. 98% of abusive relationships involve financial abuse
3. 59% of victims have ruined credit because of abuser
4. 70% of domestic victims were unable to hold down a job
5. 53% of domestic victims lost their job because of their abuser
Yet, 78% of Americans don’t recognize financial abuse as domestic abuse.
By red flags (surviving economic abuse.org) Are you living with any of the abusive red flags listed below? Empower yourself with education and independence. It's an abusive relationship if you are not being treated as an equal and someone is:
Giving you an allowance
Making you ask for money
Telling you how you must spend money
Withholding money you need to buy food, clothes, or to pay bills
Making it difficult for you to get a job or show up for work
Making you put something on credit when you don’t want to
Forcing you to give savings or wages
Keeping important financial information from you
Hiding money so you can’t find it
Breaking or destroying your possessions
There are many resources on the web to help you get out of financial hardships. Here are a few that offer free services:
PA licensed attorneys for free legal information (does not represent clients)
National Domestic Hotline (financial abuse is abuse of power and control)
National Coalition Against Domestic Violence Blog (resources for survivors)
Life Wire (serving Washington State and has free information for all)
Safe Horizon (serving New York City and has free information for all)
Kathy’s Legacy (serving CA children & pets who witness domestic violence/homicide and offers free information)
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Non-profit organizations for further services recovering from financial abuse:
Annuity.org Support and insights with finances
YWCA USA The Power of the Purse: Why Ending Economic Abuse is Vital to Eliminating Domestic Violence
Allstate Foundation Resources for ending domestic abuse
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