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Financial abuse often accompanies domestic violence

No person should have to live in fear, yet thousands of people in California go through each day fearing for their safety and well-being. Although significant progress has been made in the fight to end domestic violence, it continues to be a very real and serious problem across the United States. Domestic abuse is known to have drastic physical, emotional and psychological effects on victims. However, domestic violence also has significant financial impacts. Gaining an understanding of the financial abuse that often accompanies domestic violence can help to curb this vicious cycle.

Financial abuse is not often talked about but is one of the most devastating aspects of domestic violence. Studies have shown that financial abuse happens in as many as 99 percent of domestic violence instances. Even if a victim physically leaves his or her abuser, the financial abuse can be felt for years. Common examples of financial abuse include theft, damaged credit and abusers limiting or controlling financial resources.

According to recent reports, domestic violence also results in about eight million lost work days per year in the United States. Tragically, nearly 60% of survivors end up losing employment due to abuse. Many times, this results in domestic abuse survivors returning to abusers due to financial pressures.

Understanding the financial impacts of domestic violence may not solve this problem entirely, but it is a significant step in the right direction. Such awareness and education will provide victims with the tools and knowledge to help prevent future abuse from occurring. Those in California who are suffering from any aspect of domestic violence could benefit from discussions with an experienced and knowledgeable attorney.

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Law Office of Layla Summers
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Phone: 424-276-0968
Phone: 424-276-0968
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