07.29.24

Gen Z Leans on AI for Personal Finance

by: Amanda Umpierrez

A survey by BMO Financial Group finds that more Americans, and particularly Gen Z investors, are using artificial intelligence (AI) to manage their finances and investments. About 61% of the working demographic have used AI for help towards their personal finances, while 37% of the general population have worked with the technology on their finances. Furthermore, 58% of Gen Zers believe AI can help people make more informed financial decisions, and 55% are confident AI tools can help them make real financial progress.

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