AI Takes Center Stage in Personal Finance as 28.8 Million Adults Seek Smart Money Management

In the United Kingdom, 28.8 million adults have turned to Artificial intelligence tools for personal finance management, highlighting a significant shift in budgeting and financial habits.

• Research from Lloyds Bank shows that over half of UK adults, approximately 28.8 million people, utilized Artificial intelligence tools for money management in the past year.
• Personal finance has emerged as the leading area of Artificial intelligence application in the UK, with individuals increasingly relying on chatbots for budgeting and savings guidance.
• The primary function of these Artificial intelligence tools is to assist users in planning their savings goals, reflecting a growing trend toward tech-driven financial education.