Financial abuse is a serious issue with far-reaching consequences for individuals, their families and the community. It occurs when someone misuses money, financial resources, property or assets without the owner’s explicit knowledge or express consent.
Financial abuse can happen to anyone, but some people may be at greater risk, including older Australians, people with a disability, people with a mental illness or experiencing emotional challenges, and people who are socially isolated. However, it can also happen to people who are in good health – sometimes a person does not even realise they are being financially abused.
Financial abuse can take many forms and it usually consists of a number of actions over a period of time, rather than a single event.
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