Ryan has moved frequently over his life and now lives in Key West, Florida. He works as a bartender and owns a small home. He has spent most of what money he has made and continues to do so. Ryan's brother, Sam, is very different. He finished graduate school and has saved as much as he can over the years. He owns a small business that he operates with his family. He is by no means rich but is certainly middle-class. Who needs long-term care insurance?

Explanation: Ryan just moved from a city in the USA to Florida and works as a bartender which includes he owns a small home compared to his brother that has a better life than Ryan. he needs the long term care insurance .

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chilljain33 chilljain33 · Answer 2 · 2021-12-16T13:59:18+01:00

Ryan needs to take care of his expenses. He is not settled yet and frequent relocation to different cities in a short career as a bartender is definitely not efficient.

Sam on the other hand does know how to manage his finances and need not have special attention.

Personal finance management is a quality every individual should imbibe in himself and should inculcate following it in the long run.

Ryan might experience cash crisis sooner if he doesn't start saving from his limited income that he has because in case of emergency he might have to depend upon credits which by far is the worst debt someone can get himself into.

Ryan cannot continue to be a bartender for long age and should think of starting something on his own in which he has expertise. e.g. He can own a small bar in his hometown that gives him much better earnings.

Hence, Ryan needs to get long term care insurance for himself and secure any emergencies that might occur.

To know more about personal finance, click the given link below.

https://brainly.com/question/5501460