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Business & Economics

AI Financial Advisers Target Young People Living Paycheck to Paycheck

Wired
Summary
Nutrition label

74% Informative

AI financial advisers have gained popularity in recent years .

Hiring a human money manager can easily cost a few thousand dollars , so more people are turning to AI tools for advice.

Both Cleo AI and Bright encourage users to connect their bank account to the app through a third -party service called Plaid .

The company is now focused on growing its app’s user base and expanding the selection of financial products offered through the chatbot.

EWA stands for earned wage access, a situation where workers can get part of their paycheck early with the option of paying a fee for faster processing.

VR Score

66

Informative language

60

Neutral language

45

Article tone

informal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

Affiliate links

no affiliate links