Over 28m use AI to manage their money

Lloyds Banking Group research has shown that more than 28 million (56% of UK population) adults are now turning to Artificial Intelligence (AI) to help manage their money. ChatGPT is referenced as the most popular platform, used by six out of ten. With more than half of people who use AI employing it for budgeting,…

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Two thirds Gen Z feel judged about their money management

New research from HSBC and Young Enterprise has found that Gen Z feels judged about their financial management, with 67% expressing embarrassment, primarily from family. Nearly two thirds (63%) of Gen Z respondents say they’ve ‘felt judged’ about how they manage their money – whether by family (39%), friends (31%), or by social media (17%).…

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One in five say that the cost-of-living crisis has encouraged them to make the most of their money

New research from Chase has found that one in five (21%) say that the pandemic and cost-of-living crisis have encouraged them to make the most of their money, including spending more on experiences to ‘live in the moment’ The research found that one in four (26%) are now more focused on saving money than they…

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Cost of living anxiety leads to financial avoidance among younger workers

New research by Aviva has suggested that feelings of anxiety are leading people, especially younger generations, to avoid looking at their finances at all, with 60% of Generation Z and millennials (aged 18-41) adopting this approach because they feel ‘they are often out of my control’. In times of heightened turmoil that is impacting households…

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Majority of consumers aren’t confident in managing their money

A majority of consumers aren’t confident in managing their money due to the cost of living crisis, according to research by Hodge Bank. The research from the specialist lender has found that four out of five (80%) respondents aren’t confident in managing their money at the moment – with mortgage, energy and recreational costs all…

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