According to the Allstate Foundation, 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 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 SOAR's Financial Literacy Digital Story series!
Chapter 1: Financial Abuse
Financial abuse happens in 99% of domestic violence cases. We asked SOAR members to tell us about their experiences with financial abuse. These are their answers, in their own words.
Chapter 2: Leaving
Victims of domestic violence face many barriers to ending the abusive relationship. We asked SOAR members to tell us about their experiences leaving. These are their answers, in their own words.
Chapter 3: Moving Ahead
Healing and rebuilding after financial abuse is possible. We asked SOAR members to tell us how they were able to move ahead. These are their answers, in their own words.