Statistics
According to the survey conducted by the BMO, what fraction of people said they used AI to help with finances?
1/3
Young Canadians are using AI for money management at a moderate pace
False. Young Canadians are increasingly using AI for money management.
What percentage of Canadians use AI to improve their financial literacy?
43%
Individuals who work in the banking industry often use AI in their daily operations
True.
What percentage use AI to set up household budgets?
43%
It is advised to use AI for information about stocks that a person wishes to invest in.
False. AI doesn't have the adequate access to data and information needed to make wise decisions about stock investment.
What percentage of Canadians use AI to figure out investment strategies?
42%
It is encouraged to use estate/retirement planning.
False. Those are too personal and subjective to be entirely planned by AI.
What percentage of Canadians use AI to grow their savings?
40%
According to the BMO survey, 56% of Gen-Z respondents reported using AI for upcoming financial decisions.
False. According to the BMO survey, 55% of Gen-Z respondents reported using AI for upcoming financial decisions.