H.70 Crisis events with severe consequences Flashcards

The sudden loss of employment, leading to financial instability, emotional stress, and the need for immediate financial adjustments.

A sudden health crisis requiring urgent and expensive medical care, often leading to high medical bills and loss of income.

Events such as hurricanes, earthquakes, or wildfires that cause property destruction, displacement, and financial hardship.

The legal or personal dissolution of a relationship, often resulting in financial strain, asset division, and increased living expenses.

The loss of a household’s main income provider, creating immediate financial challenges and the need for long-term financial planning.

A legal process where an individual or business declares inability to pay debts, leading to asset liquidation or structured repayment plans.

Unauthorized use of personal information for financial gain, leading to financial loss, damaged credit, and long recovery processes.

A prolonged downturn in economic activity resulting in job losses, decreased investments, and overall financial insecurity.

Civil or criminal legal actions that result in financial penalties, legal fees, or reputational damage impacting financial well-being.

The unexpected need to provide full-time care for a family member due to illness, disability, or aging, often impacting work and finances.