In this episode of Usap Tayo, we explore AI’s role in money management, the gap between usage and trust, and why checking information and seeking professional advice still matter.
Key Points
- AI adoption is growing: More than three million Australians use AI for financial activities, including one in four Gen Z Australians.
- Budgeting does not always bring confidence: While 80% prioritise budgeting and financial planning, 62% feel stressed about money and 32% do not feel in control of their financial future.
- Trust remains limited: Only 22% feel comfortable using AI for major financial decisions, while 42% are likely to act on advice from a paid, in-person financial adviser, compared with 18% for an AI platform.
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