Only 3% of Americans Ranked Financial Abuse as Most Likely to Cause Lasting Negative Effects

  • 9 years ago
NORTHBROOK, Ill., April 7, 2015 /3BL Media/ – Financial abuse is a tactic used by abusers in ninety-eight percent of domestic violence situations and its effects are often life-altering. However, in a recent survey from The Allstate Foundation, just three percent of Americans ranked financial abuse as most likely to cause long-term effects, far behind emotional (43 percent) and physical abuse (22 percent).

Financial abuse is in fact devastating for women. It is the number one reason why women stay in or return to abusive relationships. It is common for abusers to destroy victims’ credit, deny them access to money, and force them to quit their jobs or to decline promotions. Without resources of their own, victims are often unable to care for themselves, find employment and housing, or save for the future. Those who manage to leave their abusers can find themselves debt-ridden, lacking necessary job skills, and even at risk for homelessness.

Read the release: http://bit.ly/1DHA2rO

© 2015 | 3BL Media/Allstate Foundation | All Rights Reserved

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