People's Choice calls on sector to prevent abusive actions
The results of the Australian Bureau of Statistics' third Personal Safety Survey show a distinct link between emotional abuse and financial abuse. This new data from the ABS shows 38 per cent of female respondents who suffered emotional abuse have faced partners who controlled or tried to control their access or ability to make decisions about household money. More than one in four (27 per cent) have faced a partner trying to control their assets or income, and 22 per cent have faced partners trying to control their ability to work or earn money. Three forms of financial abuse were considered by the ABS, although each was considered a form of emotional abuse rather than being recognised in its own right: • limiting or controlling spending decisions on household money;• actions affecting the ability to work or earn money; and • affecting control over income and assets.Financial services staff have a role to play, said People's Choice chief executive officer, and a White Ribbon Ambassador, Steve Laidlaw.People's Choice Credit Union was Australia's first financial institution to gain White Ribbon Workplace accreditation. As an organisation that educates, manages and combats domestic violence, Laidlaw said attitudes needed to change immediately to prevent the institutionalisation of financial abuse.