Which of the following is NOT an expected life event?

Study for the Economics of Health Care Test. Master key concepts through flashcards and multiple-choice questions, each with hints and explanations. Prepare effectively for your exam!

The correct answer identifies sudden job loss as an event that does not fit the criteria of being an expected life event. Expected life events typically encompass significant milestones that most individuals anticipate over the course of their lives, such as graduation, marriage, and purchasing a first home. These experiences are often viewed as part of a predictable life progression that individuals prepare for emotionally and practically.

On the other hand, sudden job loss is characterized by its unexpected nature; it can occur without warning due to various factors such as economic downturns, company changes, or personal circumstances. Because individuals generally do not plan for job loss in the same way they plan for events like graduations or home purchases, it falls into a different category of life changes. This distinction highlights the unpredictable dynamics of employment compared to the more planned and anticipated events in life.

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