Watch out for signs of 'financial abuse'

Almost 20 per cent of people - mostly women in traditional marriages - have been financially abused

cash money

Nearly one in five people have been financially abused by a partner, according to new research from the Co-operative Bank and Refuge. That adds up to an astonishing nine million people, covering all ages, income groups and gender.

“This study lifts the lid on the true extent of financial abuse in relationships in the UK,” says Laura Carstensen, chair of the Co-operative Bank’s Values and Ethics Committee. “While other types of abuse are well-documented, the impact of this kind of coercive control where money is used as a weapon within an intimate relationship is not yet fully understood.”

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