S1E3: It's About Financial Abuse (1:07:03)

In this episode, we delve into a discussion about some pressing issues affecting Australian women today including gender equality, women's financial security, and the relationship between economic abuse and domestic violence.

Julie Kun, a recognised expert in financial wellbeing and financial abuse, shares her insights and experiences, examining the enduring gender pay gap and the systemic barriers contributing to women's financial vulnerability.

We also explore how entrenched gender stereotypes perpetuate violence against women and exacerbate financial inequality, and the insidious nature of economic and financial abuse.

Our conversation touches on the roles financial advisers play in addressing financial abuse, the obligations of employers in fostering inclusive workplaces, and the support services available for victim-survivors.

Amidst the challenges, we acknowledge the progress made in raising awareness about financial abuse and offer practical tips for improving financial resilience.

 

Resources

Some listeners may feel emotional distress or discomfort during this episode, and if you or anyone you know needs help, please reach out to services including:

• AskIzzy.org.au
• 1800 RESPECT (1800 737 732)
• 1800 ELDERHelp Line 1800 353 374
• Men’s Referral Service 1300 766 491
• MensLine Australia 1300 789 978
• NSW Domestic Violence Helpline 1800 656 463
• Women’s Domestic Violence Court Advocacy Service 1800 938 227
• QLife 1800 184 527
• NSW Sexual Violence Helpline 1800 424 017
• National Disability Abuse and Neglect Hotline 1800 880 052
• Moneysmart www.moneysmart.gov.au
• National Debt Helpline 1800 007 007
• No Interest Loans Scheme www.nils.com.au

 

Takeaways

• Financial advisers play a crucial role in addressing financial abuse and need to be educated on the signs and impacts of economic abuse.
• Employers have a responsibility to create inclusive workplaces and address economic abuse, as it has a significant impact on the economy and organizations.
• Support services, such as helplines and financial counsellors, are available for survivors of economic abuse and can provide assistance in navigating financial challenges.
• Financial institutions have a role to play in addressing financial abuse by implementing measures to protect customers and providing financial assistance to survivors.
• It is important to support survivors in re-establishing their financial security and provide them with resources and information to make informed decisions.
• There has been progress in raising awareness about financial abuse, but more work needs to be done to eliminate economic abuse and achieve gender equality.
• Joining a union, improving financial literacy, and having open conversations about money can make a difference in individuals' financial positions.
• Julie Kun can be contacted through LinkedIn or via email for further information and support.

 

Chapters

00:00 Introduction and Setting

03:00 Gender Equality and Women's Financial Security

05:51 Julie's Background and Work

09:52 Gender Pay Gap and Financial Insecurity

12:53 Link Between Gender Stereotypes, Violence Against Women, and Financial Inequality

22:05 Red Flags and Coercive Control

28:03 The Intersection of Economic Abuse and Domestic Violence

34:09 The Insidious Nature of Economic and Financial Abuse

35:28 Financial Abuse and the Role of Financial Advisers

36:33 Employer Responsibility in Addressing Economic Abuse

40:09 Creating Inclusive Workplaces

45:30 Support Services for Economic Abuse

49:56 Financial Institutions' Role in Addressing Financial Abuse

52:58 Supporting Survivors in Re-establishing Financial Security

58:07 Progress in Addressing Economic Abuse

01:04:01 Inspiring Women

01:07:20 Addressing Gender Equality and Financial Security

01:09:19 Taking Control of Personal Finances

01:11:26 Connecting with Julie Kun