Research conducted by Surviving Economic Abuse and Ipsos UK found that nearly 700,000 young women and teenage girls aged 16 to 24 have faced digital financial abuse. Abusive partners deploy strategies including seizing online banking passwords and fraudulently taking out loans through "buy now, pay later" platforms. The resulting hardship forces one in six victims to resort to online and payday lenders simply to afford everyday essentials. Experts argue that educational reforms and bank-level technical interventions are urgently needed to dismantle these coercive tactics.
Key points
Disabled young women and those caring for children face the highest rates of economic abu…: Disabled young women and those caring for children face the highest rates of economic abuse.
Experts want the UK government to integrate economic abuse awareness into the national sc…: Experts want the UK government to integrate economic abuse awareness into the national school curriculum.
Financial institutions must redesign digital systems and artificial intelligence tools to…: Financial institutions must redesign digital systems and artificial intelligence tools to prevent abusive exploitation.
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Almost one in five young women and girls in the UK have experienced digital financial products being used as a tool of abuse by a current or former partner, a report has found.
Abusers are exploiting banking apps, online payments and digital credit to control young women, causing financial harm and preventing them from leaving relationships, according to research from the charity Surviving Economic Abuse.
Research for a new report from the charity, Access Denied, Futures Derailed, involved carrying out a nationally representative survey of young women and teenage girls, with Ipsos UK.
It found that almost one in five teenage girls and young women aged 16-24 in the UK – equivalent to nearly 700,000 people – had been affected by this form of abuse. One in three young women experience economic abuse. Rates are highest among disabled young women and those with caring responsibilities for children, with perpetrators exploiting additional vulnerabilities to exert control.
The research found that one in eight girls and young women had experienced a current or ex-partner preventing them from having login information, such as…
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