RESOURCES FOR A NEW BEGINNING

"Financial abuse is a lesser known, but critical component that abusers use to exert control over their victims. It can range from denying a spouse access to money to using scams or disingenuous motives to steal money from a senior. Financial abuse is very serious, but there are ways for victims to escape and recover from these situations."

Financial abuse is a broad term that can apply to a lot of different problems that victims experience. But at its core, it involves an abuser either stealing money from someone, denying money from someone or using money to exert control and power over them.

Types of Financial Abuse

Stealing money from someone

Taking financial control away from someone

Placing a spouse or partner on an “allowance” and controlling their access to money

Recklessly spending someone else’s money

Tricking a senior into giving their money away in a scam

Taking advantage of an elderly family member to use their money.

READ THE REST OF THE ADVICE

https://www.annuity.org/financial-literacy/financial-abuse/

Our thanks to Amilkar Rodriguez with Annunity.org for the link and article & photos.