“Plum AI banking research of 2,000 UK adults found that over half of those aged 18 to 34 are comfortable with AI making financial predictions for them. Forty-five per cent of the same age group are confident in sharing their data for the purpose of saving money. Just 15 per cent of those aged over 55 are happy to disclose the same data.
Furthermore, 50 per cent of the younger age group were comfortable trusting AI to make and enact decisions regarding savings and investments. Plum suggests that this could indicate a significant shift away from traditional financial advice, moving towards money management apps, AI advisors and more.”