Key facts
- Canadians are using AI for financial advice.
- Affordability pressures are a key driver for this trend.
- AI guidance is sought before non-profit support.
- The findings are from a survey by Money Mentors and Angus Reid.
A recent report, the Financial Advice in the Age of Social Media & AI Report, reveals a growing trend among Canadians to seek financial advice from artificial intelligence. This shift is largely attributed to ongoing affordability pressures impacting households. The survey, conducted by Money Mentors in partnership with Angus Reid, found that individuals are opting for fast and accessible online guidance, often from AI tools, before considering free or low-cost support offered by non-profit organizations.