Business Daily Fighting economic abuse
6 snips
Sep 30, 2025 Explore the hidden dangers of economic abuse as personal stories reveal the pain of financial control in relationships. Discover how lack of funds can trap people, especially women, in harmful situations. Experts discuss the links between economic dependence and physical danger, and highlight the long-term consequences for survivors. Learn about the role of financial institutions in combating this issue and the progress being made globally. Finally, hear a powerful message of hope for those who have escaped and are rebuilding their lives.
AI Snips
Chapters
Transcript
Episode notes
Trapped By Allowance And Control
- Mary described being given an allowance, forbidden from independent spending, and trapped while pregnant and working in her partner's business.
- She later escaped, got legal help, and built a bookkeeping business employing other women.
Three Forms Of Economic Control
- Dr Nicola Sharpe-Jeffs defines economic abuse as using money and resources to control someone in three forms: restriction, exploitation and sabotage.
- Those forms include stopping work, taking wages, creating debt, and destroying tools needed to earn.
Economic Abuse Threatens Physical Safety
- Economic abuse undermines physical safety by limiting victims' ability to leave and increasing dependency.
- It correlates with higher risks of homicide and suicide when paired with coercive emotional abuse.