Research indicates that financial abuse is experienced in 98% of abusive relationships.
Surveys of survivors reflect that concerns over their ability to financially support themselves and their children was one of the top reasons for staying in or returning to an abusive relationship.
The short- and long-term effects of financial abuse can be devastating. 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 remaining in an abusive relationship.
For those who manage to end their relationship, survivors 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, safety and long-term security.
The Allstate Foundation supports survivors by providing tools they can use to attain financial independence and educates the public on barriers to ending abusive relationships.
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.
Learn more about Kathy's story by reading this feature in The Providence Journal published last November.