Financial literacy as a tool to end domestic violence

Researchers cite financial stability as the leading indicator of whether a victim will be able to get safe and stay safe from abuse. Inspired to put their financial skills to work for the community, Allstate agency owners and personal financial representatives have focused on helping a group of people who can greatly benefit from financial education – domestic violence survivors.

iStock-Violence.jpgTwo years ago, The Allstate Foundation created the Allstate Against Abuse Team. It’s a growing network of more than 200 Allstate agency owners, personal financial representative and employees. Team members use their own professional expertise, along with materials and resources provided by The Allstate Foundation, to help survivors in their communities achieve their financial goals and live free from abuse. As leading financial service providers, our agency owners and personal financial representatives can apply the same principles we share with clients to empower survivors to become financially independent.

These agents and personal financial representatives are helping The Allstate Foundation reach their goal of serving 500,000 domestic violence survivors with important financial empowerment services by 2015. From simple acts like educating customers on domestic violence and where to find financial help, to more involved efforts like volunteering at a local domestic violence organization to teach financial fundamentals, the group is dedicated to ending the cycle of domestic violence, one survivor at a time.

Lincoln Salmon, a Florida Allstate agency owner, sums it up well: “I’ve had the opportunity to train domestic violence advocates on ways to educate survivors on financial basics – such as budgeting, debt reduction and credit repair. By sharing my professional knowledge with advocates, it’s gratifying to know I helped survivors turn small savings into big dreams.”

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