Narcissistic financial abuse occurs when a person with narcissistic traits or Narcissistic Personality Disorder (NPD) exploits and manipulates others for financial gain or control. It can take various forms and can be challenging to detect because the abuser often uses charm, manipulation, and emotional tactics to achieve their goals. Here are some examples of narcissistic financial abuse:
Controlling finances: The narcissist takes complete control of the victim's finances, limiting access to money, bank accounts, credit cards, or any financial resources. They may make the victim dependent on them for basic needs, thereby ensuring the victim remains under their influence and control.
Exploiting generosity: The narcissist may continuously borrow money or ask for financial assistance, playing on the victim's empathy and willingness to help. However, the narcissist has no intention of repaying the money and might even become angry or guilt-trip the victim when asked to return it.
Using financial resources to manipulate emotions: Narcissists may use money as a means to manipulate and emotionally control their victims. For example, they might withhold funds or financial support as punishment or reward for certain behaviors, making the victim feel guilty or unworthy.
Accumulating debt in the victim's name: Narcissists may take out loans, open credit cards, or make purchases in the victim's name without their consent. This not only puts the victim in financial distress but also damages their credit and leaves them vulnerable to further manipulation.
Overspending and financial ruin: Some narcissists have extravagant lifestyles and spend recklessly, often leading to significant financial difficulties for the victim and their family. They may prioritize their own desires over the family's financial stability and disregard the consequences of their actions.
Sabotaging career or business opportunities: A narcissistic partner or family member might undermine the victim's career or business prospects to maintain control over them. This could involve discouraging career advancement, sabotaging job interviews, or forcing the victim to quit their job to become financially dependent.
Hiding assets or income: In cases of divorce or separation, a narcissistic partner may hide assets, income, or financial resources to avoid equitable distribution during settlement proceedings. This tactic is used to retain control over the victim and deprive them of their rightful share.
Gaslighting about financial matters: Narcissists often manipulate the victim's perception of financial reality, gaslighting them into believing they are incapable of managing money or making financial decisions. This tactic ensures the victim becomes reliant on the narcissist's supposed expertise and control.
It's important to note that narcissistic financial abuse is not limited to these examples, and it can manifest in various other ways depending on the specific dynamics of the relationship. If you suspect you or someone you know is experiencing financial abuse, seeking help from a financial advisor, therapist, or support organizations can be essential in breaking free from the cycle of abuse.