Three million Australians use AI for money advice, but trust remains low
More than 3 million Australians already use AI for financial help, yet only 22 per cent trust it for major money decisions.
Australians are turning to AI for financial advice faster than they trust it, a new report shows. More than three million people use artificial intelligence to manage their money, with Gen Z leading at 25 per cent.
Only 22 per cent feel comfortable using AI to make major financial decisions. Only 20 per cent trust AI to recommend a suitable financial product.
AI lacks legal obligations that real financial advisers have and cannot access your full financial picture the way a human can.
- 3 million
- Australians using AI for finance
- 25 per cent
- Gen Z adoption rate
- 22 per cent
- Trust for major decisions
- 20 per cent
- Trust for product recommendations
Why it mattersYou could get generic or outdated advice from AI that doesn't fit your situation, and AI bears no legal responsibility if it steers you wrong.
AustraliaWith millions of Australians already using AI for money advice, this gap between use and trust matters for personal finances and financial security.
✓ Claims checked against the source. checked 2 h ago
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