Question

Which major life event is a common cause of bankruptcy, even for people who manage money well?

(1 point)
Responses

Inheriting a small amount of money from a relative.
Inheriting a small amount of money from a relative.

Receiving an unexpected bonus from an employer.
Receiving an unexpected bonus from an employer.

Facing major medical bills without adequate insurance.
Facing major medical bills without adequate insurance.

Finishing payments on a student loan ahead of schedule.

Answer 1

Facing major medical bills without adequate insurance. Medical expenses are a leading cause of bankruptcy, even for people who otherwise manage money well.