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Married Couple Shares How To Take Care Of Your Family Business
Nationwide -- Serena Williams is shedding light on a topic few
know anything about. It is a form of domestic abuse called financial
abuse. Reports indicate 99% of domestic abuse cases involve some sort of
financial abuse. It is manifested by preventing a partner from working,
intentionally running up mounds of debt, sabotaging career and business
opportunities and the list is sad and endless. (Source: CNN)
What We Don't Want To Admit
We would all like to believe that no one we know would be a victim of such abuse. In the black community we pride ourselves on being strong women who know how to take care of ourselves. We want to believe that each generation is stronger, more confident than the one before it. Yet, CNBC reported that a third of millennials have already experienced some kind of financial abuse and 65% of millennials are in debt.
Some Major Differences
Obviously any kind of financial abuse is a serious problem with layers that need to be addressed professionally and personally. Abuse is never as simple as being in debt or mismanaging business/career.
However, financial damage to relationships doesn't end with financial abuse. Financial struggles and failures also cause a great deal of pain and damage. Even in healthy relationships people find themselves drowning in their partners debt and losing control over their own credit score and bank account. Bottom line is financial problems and poor business practices can bring any relationship to its knees.
What We Don't Want To Admit
We would all like to believe that no one we know would be a victim of such abuse. In the black community we pride ourselves on being strong women who know how to take care of ourselves. We want to believe that each generation is stronger, more confident than the one before it. Yet, CNBC reported that a third of millennials have already experienced some kind of financial abuse and 65% of millennials are in debt.
Some Major Differences
Obviously any kind of financial abuse is a serious problem with layers that need to be addressed professionally and personally. Abuse is never as simple as being in debt or mismanaging business/career.
However, financial damage to relationships doesn't end with financial abuse. Financial struggles and failures also cause a great deal of pain and damage. Even in healthy relationships people find themselves drowning in their partners debt and losing control over their own credit score and bank account. Bottom line is financial problems and poor business practices can bring any relationship to its knees.
