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66% of Americans Seek AI Financial Advice, Experts Warn Caution

4/7/2026

Summary

Story summary

A September poll found that 66% of Americans who have used generative AI seek financial guidance.
Among millennials and Generation Z, the figure rises to 82%.
MIT finance professor Andrew Lo says users should double-check AI answers, especially for personal calculations, because AI lacks accountability for errors.
Sebastian Benthall of New York University raises concerns about regulatory implications of AI-based financial advice and who is responsible without corporate backing.

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Story summary

A September poll found that 66% of Americans who have used generative AI seek financial guidance.
Among millennials and Generation Z, the figure rises to 82%.
MIT finance professor Andrew Lo says users should double-check AI answers, especially for personal calculations, because AI lacks accountability for errors.
Sebastian Benthall of New York University raises concerns about regulatory implications of AI-based financial advice and who is responsible without corporate backing.