Which results are more likely for someone without personal finance skills? Select three options. 1. higher tax rates 2. less preparation for emergencies 3. fewer utility expenses 4. simple long-term investment strategies 5. increased long-term challenges

An individual without personal finance skills may face higher tax rates. They would also be less prepared for emergencies and, in the long term, their financial challenges would increase. Therefore, the three answers for this question would be: 1, 2 and 5.