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Despite AI knowingly providing the wrong information at times, nearly two-thirds of Gen Z and millennials would follow AI’s retirement timeline based on their health, financial and personal data, according to a new report from AI platform Pearl, The AI Accountability & Trust Report.
“As digital natives, millennials may tend to put more faith in technology than the generations before them and have a proclivity for easy, on-demand solutions,” said Moira Corcoran, a certified public accountant (CPA) and Finance Expert on Pearl.com. “The efficiency of AI provides instant guidance without the need to schedule meetings or pay high advisory fees. Because their retirements are not imminent, they may feel the urgency to get precise guidance and are prime candidates to erroneously rely on AI for retirement advice.
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Lynn Cavanaugh
Lynn Varacalli Cavanaugh is Senior Editor, Retirement at BenefitsPRO. Prior, she was editor-in-chief of the What's New in Benefits & Compensation newsletter. She has worked for major firms in the employee benefits space, Vanguard and Willis Towers Watson, as well as top media companies, including Condé Nast and American Media.
