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A severe car accident which incurs a huge hospital bill is an example of which explanation for povety?
Updated: 6/16/2025
A severe car accident leading to a substantial hospital bill exemplifies the "catastrophic events" explanation for poverty. This perspective highlights how unexpected incidents, such as accidents or health emergencies, can drastically impact an individual's financial stability. Such events may deplete savings, lead to debt, or result in long-term financial hardship, pushing individuals or families into poverty.
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