Children increasingly turn to AI chatbots for financial guidance, despite accuracy risks

Two-thirds of children in the US and over 60% in the UK are consulting AI chatbots for financial advice, raising concerns about the reliability and suitability of algorithmic guidance for young users navigating money decisions. A Common Sense Media survey found that 67% of American children aged 9 to 17 have used AI chatbots, with ChatGPT the predominant choice among 40% of users. Research indicates that UK children are similarly reliant on these tools, with 64% of those aged 9 to 17 engaging with AI companions, and 35% reporting that the experience feels like talking to a friend.