Two-thirds of Americans are already using generative AI for financial advice, with almost the same amount saying they use it often. 75% feel AI allows them to ask questions they’d be too embarrassed to ask a financial advisor. GenAI users report improved finances and increased confidence in managing money.

GenAI commonly assists with financial education, goal setting, budgeting, savings optimization, and stock market investing. Large language models like ChatGPT can provide accurate personal finance advice, according to economist Andrew Lo. Users are confident in GenAI’s ability, with 79% finding information accurate and 71% helpful.

Read more at Yahoo Finance: Two-Thirds of Americans Use AI for Financial Advice