Economic / financial violence
Economic violence is also a form of mental violence but can be considered a form of violence by itself. Economic violence is a tactic of mental violence that seeks to control a person through economic means. Its purpose is to undermine that person’s right to manage their finances and make financial decisions. One partner could take control of shared or the other's personal finances, and that person may need to ask for money from the perpetrator for shared or personal expenses.
The perpetrator might also block their victim from getting a job. Taking out loans using the partner’s name and secretly making big economic decisions is also economic violence. Lying about big financial things can be economic violence as well.
Characteristics of economic violence
Economic violence can severely affect the victim's well-being and create significant barriers to leaving an abusive relationship. It can result in financial instability, isolation, and dependence, making it difficult for the victim to escape the cycle of abuse. In a relationship characterised by economic violence, the abusive partner may employ several tactics, including:
The abuser takes control of the household finances, making all financial decisions without the victim's input.
They may restrict access to bank accounts, deny the victim access to money, or control their spending.
The abuser may intentionally withhold financial resources from the victim, such as not providing adequate funds for basic needs, bills, or childcare expenses. This can leave the victim financially dependent and vulnerable.
The abusive partner may hinder the victim's ability to maintain employment or pursue education. They may prevent them from attending work or school, interfere with job opportunities, or create a hostile environment that jeopardises the victim's career or educational prospects.
The abuser may incur debt in the victim's name without their knowledge or consent, leaving the victim responsible for financial obligations they did not agree to or leaving them in a precarious financial situation.
The abuser uses financial means to coerce or manipulate the victim, using money as a tool for control.
This can involve threats of withholding financial support, denying access to resources, or forcing the victim to comply with their demands.
The abuser intentionally keeps the victim unaware of the family's financial situation, such as hiding assets, income, or debts. This lack of transparency prevents the victim from making informed decisions and maintaining financial independence.
Overcoming economic violence
Recognising and addressing economic violence is crucial to supporting survivors and empowering them to regain control over their finances and lives. Remember, overcoming economic violence takes time and support. Be patient with yourself and seek assistance from professionals who can guide you towards a path of healing, empowerment, and financial independence.
Overcoming economic violence requires a combination of individual empowerment and collective action. Here are some steps that can be taken to address and overcome economic violence:
Educate yourself about the signs and dynamics of economic violence. Understand the tactics used by abusers to control and manipulate finances within relationships.
Reach out to trusted friends, family members, or support organisations specialising in domestic violence or financial abuse. They can provide guidance, resources, and emotional support during this difficult time.
Take steps towards gaining financial independence. This may include finding employment, pursuing education or training programs, or exploring alternative sources of income. Develop a budget and financial plan to manage your resources effectively.
Safeguard your financial resources by opening a separate bank account, ensuring access to important documents (e.g., identification papers and financial records), and protecting your personal information.
Consult with legal professionals experienced in family law or domestic violence to understand your rights and explore your available legal options. This may involve obtaining protective orders, pursuing divorce or separation proceedings, or seeking child and spousal support.
Connect with support groups, counselling services, or community organisations specialising in assisting survivors of economic violence. Sharing experiences and learning from others can provide valuable insights and encouragement.
Join advocacy campaigns and organisations dedicated to raising awareness about economic violence and pushing for legal reforms that protect survivors. Participate in community events, workshops, or seminars to promote education and prevention.
Healing from the effects of economic violence can be a long process. Practice self-care by seeking therapy, engaging in activities that bring you joy and relaxation, and surrounding yourself with a supportive network of friends and loved ones.
