Economic safety is vital to a person’s wellbeing. Economic safety means:
- Being free of economic abuse (see definition below)
- Having access to appropriate financial products to help manage your finances
- Receiving fair and appropriate financial support for children, or others, in your care
- Having structural and systemic support to maintain and build your economic security over time.
ABOUT ECONOMIC ABUSE
Economic abuse is a form of family violence that: “involves behaviors that control a [person’s] ability to acquire, use and maintain economic resources, thus threatening her [or his] economic security and potential for self-sufficiency.” (Adams 2008)
Economic abuse includes a range of behaviours carried out by a perpetrator such as:
- controlling a victim’s access to cash and bank accounts
- hiding financial information and assets
- sabotaging study and/or employment opportunities
- not contributing to household bills
- forcing a partner to take out debt
- manipulating finances to avoid or reduce child support payments.
Source: Adams, A. (2008). Development of the Scale of Economic Abuse. Violence Against Women,14, 563-588.