A growing number of people are being subjected to financial abuse since Covid-19 restrictions were implemented, according to research published by the Banking and Payments Federation and Safeguarding Ireland.
Two-thirds of people who needed help from others to manage their money during the lockdown have not yet taken back control of their own finances.
During lockdown many people needed assistance to manage their money or access funds. The organisation is launching a campaign that will see its members reach out to vulnerable banking customers. RED C surveyed 1,000 people and found: - One in 20 people surveyed experienced financial abuse during lockdown - 19% of those people had never experience financial abuse before - 13% of those surveyed