80% of Gen Z and millennials are turning to AI for financial advice—but more than half say they’ve made a poor decision or mistake as a result

No longer do younger Americans turn to mom or dad to help set up their 401(k), understand their paycheck, or get investment advice—that’s because AI has become their new financial friend. While AI has taken on roles ranging from break-up coach to health expert, tools like Open AI’s ChatGPT and Google’s Gemini are now guiding younger generations to tackle their financial woes, from credit card debt to picking their latest stocks and ETFs. In fact, two-thirds of adults who’ve used AI for financial advice ...