When trust is betrayed
Financial abuse can be a standalone form of abuse, but it’s also prevalent in about 90% of domestic violence situations. The truth is that not only is financial abuse common, it can be hard to spot because it occurs in many different forms.
Self-isolation and stay-at-home requirements have exacerbated domestic and financial abuse and, unfortunately, it is difficult to monitor in these circumstances.
But this is a good time to think about how to help in such cases when we can.
According to financial adviser Amanda Cassar, co-founder and director of Wealth Planning Partners, victims of financial abuse might not immediately recognise what is happening, as it can occur gradually over a long period of time.
However, specific behaviours around money are red flags and these could very well alert friends or colleagues that something isn’t quite right.
If you have reason to suspect that a loved one is
