What is one reason for movement down the income ladder

Question

Quizplus · Accepted Answer

Bad luck can lead to unexpected job loss, illness or other circumstances that can result in a decrease in income and movement down the income ladder. Income tax and inflation can affect purchasing power and decrease disposable income, but are not direct causes of movement down the income ladder. Nepotism can unfairly advantage certain individuals in the job market, but does not directly apply to a decrease in income.

What Is One Reason for Movement Down the Income Ladder