Financial abuse occurs when someone exerts control over another person’s finances — such as by restricting access to their own fixed or liquid assets, income sources, employment opportunities, or other financial resources; using them without consent, or interfering with their financial decisions.

If a person is forced to allow someone else access to their financial resources against their will — due to emotional or societal pressure — it is also a form of financial abuse.

Anyone, regardless of age, education, or social or geographical background, can experience financial abuse. However, women, the elderly, and people with disabilities are at higher risk.

The abuser is often not a distant person but a family member, close relative, friend, or caregiver. Financial abuse not only violates a person’s rights and financial freedom but also gradually erodes their self-confidence and independence. Over time, it can negatively impact social progress as a whole.