A recent survey has uncovered a worrying lack of awareness among young men in the UK regarding economic abuse. Conducted by Surviving Economic Abuse in partnership with TSB bank, the poll questioned men across various age groups about six indicators of economic abuse. The findings revealed that 19% of men aged 18 to 24 would not view a partner controlling how their friend spent their own money or restricting access to their bank account as abusive behavior.
Contrast with Older Generations
This marks a stark contrast with older demographics, where only 3% of men aged 55 to 64 considered such control not to be a form of abuse. Sam Smethers, CEO of Surviving Economic Abuse, expressed deep concern over the results, emphasizing that controlling someone's finances is unequivocally abusive. He stated, 'Whether it's restricting spending, forcing debt, or hindering work or study, these are tactics abusers use to exert power.'
New Awareness Campaign
In response, a new campaign is being launched to raise awareness of economic abuse signs, both online and offline. Banks including Monzo, TSB, Metro Bank, Santander, Revolut, and HSBC will display adverts featuring snakes, highlighting four common forms of financial abuse.
TV presenter and campaigner Ruth Dodsworth shared her personal experience: 'In my marriage, money was used as a weapon of control, leaving me financially dependent. My bank card disappeared, and I had to ask for exact cash for lunch. This forced control isolated me from social activities.'
Natalie Fleet, Minister for Safeguarding and Violence Against Women and Girls, welcomed the initiative: 'By collaborating with banks, we protect victims and send a clear message that such behavior is unacceptable.'
