Financial Abuse
Financial abuse refers to a situation where one person uses financial control to manipulate, exploit, or harm another. This can occur in various relationships, such as domestic partnerships, caregiving situations, or among family members. Common forms include stealing money, restricting access to funds, forcing someone to take on debt, or controlling their spending in a way that limits their independence. The goal is often to gain power and control over the other person, making it difficult for them to make their own financial decisions or pursue their personal goals.
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Financial abuse occurs when one person exerts control over another's finances, often in an intimate or familial relationship. This can include preventing someone from accessing their own money, stealing or misusing their funds, or forcing them to give up financial control. Victims may feel powerless, as their economic independence and ability to make financial decisions are undermined. This form of abuse can lead to long-term financial instability and emotional distress, making it hard for victims to leave the abusive situation or regain their financial independence. Recognizing and addressing financial abuse is crucial for recovery and empowerment.