AI enters personal finance

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One Essential Read

One Essential Read

Recommended by Yasmeen Serhan, Digital Features Editor

How AI is helping young people manage their money

 

Taki Wong is the co-founder of an Ontario-based tech firm that builds AI tools for professionals.

When it comes to managing his money, 27-year-old Taki Wong does what anyone his age might do: he consults AI.  

For Reuters’ latest edition of Emotional Currency, a twice-weekly column exploring the emotional side of personal finance through real stories from Gen Z and Millennials around the world, reporter Hani Richter spoke with the Ontario-based entrepreneur about how he turned Google’s Gemini into “a mini personal financial adviser” and slashed his eating out and subscription spending by more than two thirds. 

He’s not alone: Most Americans who use AI tools rely on it for financial guidance, including 82% of Gen Z and millennials. But experts advise caution, as well as some discretion.

Read the full article

Read other editions of Emotional Currency

  • How a 28-year-old stayed home and saved six figures 
  • A tech layoff upended her career - so she reinvented herself on Instagram 
  • How a 23-year-old escaped the credit card debt trap 
  • She swapped overconsumption for more frugal living and found financial freedom
 
 

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