Would you trust AI with your money?
A national survey by Advance America asked over 3,000 adults the max amount of money they would let AI manage. For the average Connecticut resident, the amount came to $21,097.
It might come as a surprise, but this amount is close to the national average of $20,441, according to Advance America.
As for what state topped the list, the average California resident would trust AI-managed money with $46,788.74, more than double Connecticut’s average, according to Advance America. On the other end of the spectrum is Wyoming, which averaged just $3,571.86.
Curious on what other insights Advance America found in their survey? Check out their full breakdown below:
When asked about the types of financial decisions they’d be willing to hand over to artificial intelligence, responses varied widely depending on the level of risk. 31% said they’d trust AI to choose stocks, while 22% were comfortable letting it buy cryptocurrency. A slightly more conservative 15% were okay with AI rebalancing their 401(k).
Another 31% said they’d trust AI to file their taxes, a task traditionally handled by certified professionals or clunky online forms.
In a surprising twist, one in four people (25%) said they’d trust AI more than their current financial advisor – a nod to the increasing sophistication of tools that claim to analyze markets in real time and strip emotion from decision-making.
27% said they’d prefer an AI over their own partner when it comes to managing joint finances. That’s not just about money – it’s about trust, objectivity, and maybe a little less arguing over the credit card bill.
Only 17% said they’d let AI make a large financial decision – like a major investment – without telling them first. There’s a strong desire to remain in the driver’s seat, even if AI’s doing the navigation.
Just over a quarter (28%) said they’d be willing to let AI plan their retirement, while 26% said they’d feel comfortable taking out a loan or mortgage based solely on AI’s recommendation. That still leaves the majority unconvinced that a machine, no matter how smart, can weigh life context, emotions, and values the same way a human can.
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“AI can be a valuable starting point when researching your financial options – especially for budgeting, comparison shopping, or exploring different investment strategies,” said Laura McCutcheon, VP of Marketing at Advance America. “But ultimately, major decisions about your money should factor in your unique circumstances, goals, and risks. Those are things AI still can’t fully understand. Think of it as a co-pilot, not the captain.”