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Young Aussies can’t afford financial advice, use AI tools instead
Matched: Australia
Young Australians are increasingly turning to AI tools for financial guidance due to the high cost of traditional advice, according to Webull Australia. The online broker's findings show young Aussies lead AI adoption for financial queries, reflecting a broader trend of cost-conscious consumers seeking affordable alternatives to licensed financial advisers.
Superannuation peak body calls for advice reform as Aussies increasingly turn to AI over experts
Matched: Australia
Australia's superannuation peak body is calling for financial advice reform after a survey found more than a third of Australians have turned to AI chatbots for superannuation guidance. High costs are driving people away from professional advisers. The body warns this trend poses risks, as AI tools may not provide accurate or personalised financial advice, and is urging reforms to make expert advice more affordable and accessible.