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Artificial intelligence and personal finance

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  • OECD

Abstract

Artificial intelligence (AI) is transforming how consumers access and use financial information, education and advice for personal financial decision making. While consumers’ increasing use of AI tools and AI-generated content for personal finance brings opportunities in terms of accessibility, personalisation and decision making, it also increases risks related to bias, hallucinations, commercial influence, data privacy and exclusion, with uncertain benefits on long-term financial well-being. This policy paper provides policymakers and stakeholders with an overview of current trends, opportunities and risks in the use of AI in personal finance and in the design and delivery of financial education. It also proposes a set of financial literacy competencies to support the use of AI in personal financial decision making.

Suggested Citation

  • Oecd, 2026. "Artificial intelligence and personal finance," OECD Artificial Intelligence Papers 62, OECD Publishing.
    • Handle: RePEc:oec:comaaa:62-en
    DOI: 10.1787/2858fdf4-en
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    JEL classification:

    • G53 - Financial Economics - - Household Finance - - - Financial Literacy

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