School financial literacy class. AI: the answer to everyday finances?

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Specification:

Summary

AI-powered money apps are becoming more common, helping people track spending, build budgets, and even avoid financial mistakes based on their habits. While these tools can make financial advice more accessible, some experts warn about privacy risks, biased advice, and the challenge of trusting a machine over a human when it comes to money decisions.

Click to read the article and then answer the questions:

AI: the answer to everyday finances?

Questions

• What are some benefits of using an app that tracks your spending habits and helps you build a savings plan?

• Would you feel comfortable letting an app automatically move money into savings or decide what you can spend? Why or why not?

• How should apps and companies protect users from being influenced to make financial choices that might not be in their best interest?

Dave Martin, Next Gen Personal Finance