WHAT IS ECONOMIC SAFETY?

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.