Americans Turn To AI For Financial Advice
More Americans are using AI to manage finances, CBS News business analyst Jill Schlesinger reported March 17, 2026, citing a Credit Karma September survey finding 66% of Americans and 82% of both Gen Z and millennials have used generative AI for financial advice. Schlesinger warned about hallucinations and privacy risks, referencing a 2025 Stanford study, and advised using AI for education but consulting retirement plans, firms, or unbiased advisors.
Key Points
- 1Reports show 66% of Americans use generative AI for financial advice; 82% of Gen Z and millennials
- 2Experts warn of AI hallucinations and privacy risks, citing a 2025 Stanford study
- 3Use AI for basic education but consult company retirement plans, financial firms, or unbiased advisors
Scoring Rationale
High public adoption and credible reporting drive score, while modest novelty and limited technical depth constrain broader industry impact.
Sources
Public references used for this report.
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