A study by Go Henry found that 40% of British children aged 6–18 use AI chatbots for financial advice, second only to parents. While most questions focus on spending wisely, earning money, and comparing prices, older children are increasingly asking about side hustles, investing, and trading items online. AI is being used to research prices, negotiate trades—like football cards—and even plan small businesses selling crafts on Etsy.
However, the unregulated nature of AI financial advice raises concerns, especially as only 40% of adults realize there is no compensation if they lose money following AI tips. The Financial Conduct Authority has flagged this growing trend as a serious risk.
Source: Financial Times Companies · Summarized by HeadlinesBriefing