The chance that a person will suddenly fall into a much lower income bracket is higher in the United States than it is in most other industrialized countries.

Question

Quizplus · Accepted Answer

Numerous studies have shown that income mobility is lower in the United States, and the chances of falling from a high income to a low income are higher compared to other developed countries like Canada, Australia, and the Nordic countries. Social and economic factors like education, health-care, labor policies, and income inequality are some of the reasons for this disparity.

The Chance That a Person Will Suddenly Fall into a Much