According to the Allstate Foundation Purple Purse, financial abuse is a factor in almost 99% of abusive relationships.
The short and long-term effects of financial abuse can be devastating. Surveys of survivors show that concerns over their ability to financially support themselves and their children were often one of the top reasons for remaining in or returning to an abusive relationship. Without financial security, survivors are often unable to obtain safe and affordable housing or to provide for themselves and their children, sometimes forced to choose between homelessness or continuing to experience abuse.
Survivors who end their relationships often face overwhelming odds in obtaining long-term security and safety. Credit scores sabotaged by the abuser, sporadic employment histories, and legal issues caused by the abuse make it extremely difficult for survivors to gain independence and rebuild their lives free from violence.
- The Allstate Foundation Purple Purse supports survivors by providing tools they can use to attain financial independence, and also educates the public on barriers to ending abusive relationships.
- SOAR (Sisters Overcoming Abusive Relationships), a task force of the RICADV, works to raise awareness about economic abuse and financial literacy. SOAR members are available to provide presentations and training to the community. Visit SOAR's website for more information.
- Click here to learn about financial help available in Rhode Island.
Watch the digital story we created with SOAR, Sisters Overcoming Abusive Relationships, to raise awareness about the barriers that victims of domestic violence face when attempting to leave an abusive situation. Barriers can include a lack of financial security and stability, oftentimes a direct result of an abuser's tactics to control, limit, or sabotage a victim's finances.
Kathy is a mother, a grandmother, an accountant, a survivor of domestic violence, and a member of SOAR, Sisters Overcoming Abusive Relationships. Kathy was born and raised in Providence, Rhode Island. She has a Bachelor’s Degree in Business Management and Accounting and works as a project accountant for a multiagency company.