A Growing Number of Oregonians Would Rather Let AI Handle Their Finances Than Their Partner
A recent national survey of 3,000 adults asked participants about their experiences with AI managing their money, revealing that many Oregonians are embracing AI as their personal money manager.
Many Oregonians Are Comfortable Letting AI Manage Their Finances
The survey by leading loan provider Advance America explored questions about AI managing money, signaling a surprising level of openness toward algorithm-driven financial tools.
The participants’ responses are illustrated in an infographic, which reveals that Oregonians’ answers to the questions were:
Q: “What’s the maximum amount of money you’d feel comfortable letting AI manage for you?”
A: The average Oregonian would entrust $24,615 to AI when it comes to investing compared to a national average of $20,441. Californians topped the list, averaging $46,788.74 in AI-managed money. At the same time, Wyoming residents were the most cautious, drawing the line at just $3,571.86. For some, it’s the beginning of a retirement plan.
Q: “ Would you prefer an AI over your own partner when it comes to managing joint finances?”
27% said they would. It’s not just about money – it’s about trust, objectivity, and maybe a little less arguing over the credit card bill.
Q: “ What are the types of financial decisions you’d be willing to hand over to AI?”
A” Responses varied widely, with 31% saying they’d trust AI to choose stocks, 22% were comfortable letting it buy cryptocurrency, and 15% were okay with AI rebalancing their 401(k).
Q: “Would you trust AI to file your taxes?”
A: 31% said they’d trust AI to file their taxes, a task traditionally handled by certified professionals or clunky online forms.
Q: “Would you trust AI more than your current financial advisor?”
A: One in four people (25%) said yes.
Q: “Would you let AI make a large financial decision – like a major investment – without telling you first?”
A: There’s a strong desire to remain in the driver’s seat, even when AI’s navigating- only 17% said they would.
Q: “Would you let AI plan your retirement?”
A: When it comes to long-term planning, opinions remain split. Just over a quarter (28%) said they’d be willing.
Q: “Would you feel comfortable taking out a loan or mortgage based solely on AI’s recommendation?”
A: 26% said they would.
This still leaves the majority unconvinced that a machine, no matter how intelligent, can weigh life context, emotions and values the same way a human can.
Laura McCutcheon, VP of Marketing at Advance America, said, “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.”