Money Wellness
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calendar icon26 Nov 2024

Economic Abuse Awareness Day: How to spot the signs

Today, we stand together to recognise Economic Abuse Awareness Day (26 November). This type of abuse has a devastating impact has on victims, especially women.

4.1 million women in the UK have been victims of economic abuse in the last year.

Charities like Surviving Domestic Abuse are working tirelessly to raise awareness and provide support to victim-survivors.

What is economic abuse?

Economic abuse is when a current or former partner controls a victim-survivor's finances and belongings. This can make it difficult for victims to escape their situation.

In the past year alone, nearly one million women couldn't leave an abusive relationship because of their financial situation. Many survivors are forced to return to their abusers or risk homelessness.

Despite its profound impact, over 40% of victim-survivors do not seek help, information, or advice, figures by Surviving Economic Abuse show. That's why it's crucial to raise awareness about this issue – so that more victims know they're not alone and there is help available. 

Anastasia's story

Anastasia's story is a heartbreaking example of the impact economic abuse can have. She was with her abusive partner for over a decade, who controlled every part of her life, including what time she could go to bed and her access to food and household essentials.

Even after separating from her partner, the abuse continued. As a result, Anastasia lost her home and has had to move over 30 times, developing multiple long-term health conditions and complex PTSD. 

Trapped without any financial independence, Anastasia felt helpless. 

“It’s really difficult to describe. To be so completely powerless. I can’t explain what it’s like, it’s overwhelming. You start to go through periods of depression. Not being able to provide for your children, relying on someone else; even buying stuff like sanitary towels or things like food."

Her story shows how complex this kinda of abuse can be – abusers often exert emotional as well as financial control over their victims. Countless women like Anastasia are made to feel like there's no way out of their situation. 

What are the warning signs?

If you suspect someone you care about could be experiencing economic abuse, there are several warning signs to look out for:

  • They often ask to borrow money for essential items or bills.
  • They mention their partner handles all financial matters.
  • They seem short of money, even though they work.
  • They count every penny or seek permission from their partner before buying things.
  • They have left a job they enjoyed.
  • They often make excuses not to join friends for coffee or a meal out.
  • They wear clothing that is worn-out or doesn’t fit.

How to offer support

It’s important to approach the situation with empathy and understanding. Here are some ways you can help:

  • Express your concern without overwhelming them with questions. Let them know help is available.
  • Believe their story. Listen carefully and understand that they may need time to act.
  • Offer practical help, like a spare room or essential items like food and toiletries.
  • Have contact information for domestic abuse services on hand. The National Domestic Abuse Helpline at 0808 2000 247, run by Refuge, is a great resource.

Join the call for action

No one should feel trapped or powerless because of their financial situation.

One way to fight abuse is to talk about it. Spread awareness about what you’ve learned to your loved ones.

You can also sign the petition from Surviving Domestic Abuse to show your support for those affected. Together, we can make a difference and create a safer environment for everyone.

If you or someone you know is struggling with economic abuse, don’t hesitate to reach out for help. There are resources that can support you on your path to recovery. Call the National Domestic Abuse Helpline at 0808 2000 247.

Find out more about what to do if you or someone you know is a victim of financial abuse.

Avatar of Connie Enzler

Connie Enzler

With a master's in multimedia journalism and over five years' experience as a digital writer and podcast creator, Connie is committed to making personal finance news and information clear and accessible to everyone.

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