CHICAGO, July 29,2024 /PRNewswire/ - The BMO Real Financial ProgressIndex reveals a growing number of Americans, notably Gen Z, areincreasingly using artificial intelligence (AI) to help managetheir finances and investments.
Among the 37% of Americans using AI to help manage theirfinances, the most common uses include learning more about personalfinance topics (49%), creating and/or updating household budgets(48%), identifying new investment strategies (47%), buildingsavings (47%), and creating and/or updating their financial plans(46%). While AI is helping Americans manage some aspects offinances, around two thirds (64%) say AI cannot understand howemotions influence financial planning.
"AI offers great potential in the way we handle our finances,providing real-time insights and analysis.