Nearly 1 in 4 women experience domestic violence during their
lifetime. And, research shows that lacking financial knowledge and
resources are the main reasons why victims of domestic violence
return to or remain in relationships with their abusers. This type
of abuse - called economic abuse - affects tens of thousands of
women each year. Economic abuse prevents victims from acquiring,
using or maintaining financial resources. Abusers employ isolating
tactics such as preventing their spouse or partner from working or
accessing a bank, credit card or transportation.
Survivors of domestic violence and economic abuse need
specialized tools and strategies to address financial challenges
and plan for safe, secure futures. However, few resources exist for
programs designed to assist survivors with the economic challenges
they face. That's why The Allstate Foundation is taking action. As
the corporate foundation of a financial services company, we are
uniquely positioned to provide survivors with financial knowledge,
skills and resources.
Since 2005, we have partnered with The National Network to End
Domestic Violence, Inc. (NNEDV) to assist in the economic
empowerment of domestic violence survivors. A social change
organization, NNEDV works to create a society in which violence
against women no longer exists. Together, The Allstate Foundation
and NNEDV are working to helps survivors of domestic violence build
their financial skills as a way to escape abusive relationships,
get safe, stay safe and thrive.