Financial Abuse

What Is Financial Abuse?

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