Young women are vulnerable to financial abuse from their partners, according to a new study.
The research from the Banking and Payments Federation of Ireland found that one fifth of younger women do not have control over their own money.
Of the 1,000 women surveyed late last year, , 22% under 35 said they didn't control their own financial affairs.
Over 40% of women aged 18-34 years old also reported having difficulty managing their money - compared with 25% of men and 34% of all women.
BPFI member banks publish Principles of Financial Abuse on back of new research and roll out expert training by @Womens_Aid for bank staff to help them assist customers who may be subject to financial abuse and coercive control..
Read more at https://t.co/RDOQd8hTSG pic.twitter.com/QG3nspFoDh
— Banking & Payments Federation Ireland (@BPFINews) February 4, 2022
It led to concerns that young women may be vulnerable to financial abuse.
Women's Aid says that 1,925 disclosures of economic abuse were made to them in 2020.
It says financial abuse is a form of domestic violence and a means of controlling a partner.
The organisation has now designed specific training for bank staff to spot the signs, and its now being rolled out for staff of AIB, Bank of Ireland, KBC Bank, Ulster Bank and Permanent TSB.
