His debt in her name: Economic harm in which lenders are complicit
EXPLAINER: In New Zealand, Canada, Australia and the United Kingdom, Friday is Economic Harm Awareness Day.
It’s the third time the event had been held in Canada, but it’s a first for New Zealand, so the term “economic harm” needs some explaining.
And so does the insidious complicity of the finance and business sector.
Economic abuse is a little-recognised form of family violence, says Nicola Eccleton, manager for social inclusion at Good Shepherd, and economic harm is the result of that abuse.
Economic abuse has tended to be classed as a form of psychological abuse, and is classified in the Family Violence Act 2018 under psychological abuse.
A recent study from the University of Auckland suggested it was on the rise, possibly because people who abuse their partners may see it as a low-risk abuse option, as it is seldom prosecuted or recognised.
But economic abuse has its own unique features of harm, which is why Good Shepherd, a charity that exists to support women, including with free and low-cost “good” loans, is calling for it to be made a crime in its own right.
Excerpt from StuffRead full article