A sudden loss of income and a significant increase in costly medical expenses are examples of:

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A sudden loss of income and a significant increase in costly medical expenses can lead to economic insecurity, which refers to the lack of financial stability and ability to meet basic needs due to unpredictable events and circumstances. Economic inequality and poverty lines are broader concepts that also encompass systemic and structural factors, while the Great Compression refers to a historical period of decreasing income inequality in the mid-20th century.

A Sudden Loss of Income and a Significant Increase in Costly