Question

How does americans’ economic insecurity—the chance of suddenly falling into a much lower income bracket—compare to that of other industrialized countries?

Answer 1

The chance of suddenly falling into a much lower income bracket is higher in United States of America compare to other industrialized countries. This is because United States' income inequality is the highest in the world; it is more unequal than most of its developed world peers. Thus, if a man lose its high paying job, he might find it very difficult to get a job that will pay him the kind of income he was earning before.