Is AI Financial Advice Good for Retirement?: Allison Schrager

When someone told me recently that her favorite use of AI is for financial advice, I was horrified. I am a retirement economist, and my first reaction was self pity: Now I know how doctors feel when people use AI for medical questions.

Then I went home and gave it a try. It was not terrible — it gave a clear and engaging explanation of the conventional wisdom on saving and investing. It was the equivalent of a mediocre financial planner, but without the personal touch. That’s probably better than nothing, and it’s bound to become more common as ...