Family violence is disturbingly common in Australia and affects all cultures and communities in our society.
It’s not always easy to recognise victim-survivors of abuse but they are people we have contact with every day, within families, workplaces and neighbourhoods.
Sadly, women are impacted the most, with nearly a third of females having experienced emotional abuse or physical violence in relationships compared with 16.4 per cent of men, according to the MoneyMinded Impact Report 2016.
In many cases, a person may not realise they’re experiencing family violence with the obvious signs extending beyond physical and emotional abuse.
Financial abuse is a form of family violence and is more than just a disagreement over money. It’s when someone takes control of your money, doesn’t allow you to have money to survive on, forces you to hand over your money and doesn’t let you have a say in how it is spent.
ANZ is working with our long-standing community partner Berry Street to provide education and support to victim-survivors to help them recognise their strengths and develop the skills to improve their financial wellbeing.
Education for prevention and recovery
Our flagship adult financial education program MoneyMinded helps Australians build their financial knowledge and confidence so they can make informed decisions about how to manage money.
In 2016 we introduced an extension of MoneyMinded designed specifically for people in the community experiencing family violence.
Covering topics such as warning signs of financial abuse, tackling debt and protecting your future, the MoneyMinded for family violence program is an education tool for family violence specialists and sector workers who support victim-survivors of family violence.
The MoneyMinded for family violence program is framed around recognising the skills, experiences and capabilities of victim-survivors and supporting them to build on these attributes with financial knowledge to determine their own future.
“Family violence in the form of financial abuse can have a devastating and lasting impact on the lives of victim-survivors,” says Michael Perusco, CEO Berry Street. “Financial education provides an important building block in recovery for individuals and families and we are delighted to partner with ANZ to bring the MoneyMinded for family violence program to support the work of professionals in the sector.”