Understanding Economic Abuse: A Growing Concern for Women in the UK

A new survey conducted by the charity Surviving Economic Abuse (SEA) has unveiled troubling statistics regarding economic abuse among women. The findings indicate that approximately 15% of women report having their financial resources controlled by another individual within the last year.

Survey Insights

The survey, commissioned to Ipsos UK and involving over 2,800 women across the UK, was carried out between October and November 2024. It revealed that a significant portion of women—42%—did not confide in anyone about their experiences, further indicating a lack of awareness regarding economic abuse.

Defining Economic Abuse

Economic abuse manifests in various forms, primarily through control over financial resources. This includes restrictions on accessing bank accounts, incurring debts in a victim’s name, or enforcing conditions that limit financial independence. According to SEA, many are unaware of this form of domestic abuse; 55% of surveyed women expressed no prior knowledge of economic abuse, while an additional 33% reported knowing only a little about it.

Impact on Vulnerable Groups

The report emphasizes that certain demographics, including younger women aged 18 to 24, as well as women from ethnic minority backgrounds and those with disabilities, are disproportionately affected. Furthermore, the findings show that 28% of women living with children have encountered economic abuse, compared to just 10% of those without children.

Access to Support and Resources

Interestingly, the research indicates that women who are aware of economic abuse are more inclined to seek help. Those familiar with the term are also more likely to reach out to domestic abuse organizations or financial institutions for assistance.

Voices from the Field

Chief Executive of My Cheshire Without Abuse, Saskia Lightburn-Richie, indicated a disturbing trend in her region, noting an increase in cases since the COVID-19 pandemic, saying, “It’s one of the bigger issues that our clients face.” She described scenarios where perpetrators control every financial aspect, including bank accounts and mobile phones, even taking loans in the victims’ names.

Call for Awareness and Action

Sam Smethers, the chief executive of SEA, stressed the importance of awareness, stating, “Those who are aware are more likely to get the help they need.” He also pointed out that the repercussions of economic abuse are particularly severe for younger women, mothers, and women from marginalized backgrounds.

One individual shared her distressing experience, stating, “He used money as a weapon – even after the relationship ended. I had to sell our home… and over 20 years later, I’m still in housing insecurity.” This highlights the profound long-term consequences that economic abuse can have on victims.

Government Response

Jess Phillips, the minister for safeguarding and violence against women and girls, echoed the urgency of addressing economic abuse, stating, “No woman should ever be trapped in an abusive relationship because of the suffering they will face if they try to leave.” She emphasized the need for systemic change to effectively combat this hidden crime.

Recognizing the Signs

SEA provides various signs that may indicate economic abuse:

• Frequently short on funds or unable to afford basic necessities.
• Relying on their partner for all money matters.
• Having wages or benefits directed into their partner’s accounts.
• Feeling compelled to ask permission before making purchases.
• Sudden withdrawal from social activities.

Support for Victims

The charity urges friends and family members to support victims by reassuring them that help is available and that they are not alone. Practical assistance, such as offering accommodations or sharing information about domestic abuse resources, can make a significant difference.

As discussions around economic abuse continue to grow, the paramount need for increased awareness and resources remains clear. By shining a light on this issue, we can help encourage a safer environment for all women affected by economic abuse.