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How Artificial Intelligence Can Revolutionize Global Financial Literacy?

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  • Mahi Patel Canterbury School

DOI:

https://doi.org/10.58445/rars.3276

Abstract

This research explores the global challenge of low financial literacy and examines how artificial intelligence (AI) can be leveraged to improve financial knowledge and decision-making. Despite growing access to financial services, millions of individuals still lack a basic understanding of concepts such as interest, budgeting, and risk. The paper highlights how AI-powered tools, such as personal finance assistants, robo-advisors, and conversational bots, can deliver personalized, real-time education that empowers users to make smarter financial choices. By enhancing accessibility and engagement, AI offers a pathway toward greater financial inclusion, reduced inequality, and long-term economic stability.

References

Kurowski, Lukas, and Anna Szelagowska. Financial Literacy in the Era of Artificial Intelligence. Towards Financial Inclusion, 2024, press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1162&context=jbfe. [2]Challoumis, Constantinos. IN WHAT WAYS CAN AI ENHANCE FINANCIAL LITERACY AND MONEY MANAGEMENT?, 2024, www.peoplelinkvc.com/wp-content/uploads/2021/10/PeopleLink-Quadro-2024-2.pdf. [3]Mitchell, Olivia, and Annamaria Lusardi. “Financial Literacy Around The World: An Overview.” CiteSeerX, 2011 , citeseerx.ist.psu.edu/. [4]Klapper, Leora, et al. Financial Literacy around the World: INSIGHTS FROM THE STANDARD & POOR’S RATINGS SERVICES GLOBAL FINANCIAL LITERACY SURVEY, 2015, gflec.org/wp-content/uploads/2015/11/Finlit_paper_16_F2_singles.pdf. [5]Kok Wah, Dr Jack Ng. “AI-Powered Wealth Management: Transforming Financial Literacy, Personalized Investments, and Risk Assessment Through Robo-Advisors and Predictive Analytics for the Future of Finance.” Kexue Tongbao/Chinese Science Bulletin, 2025. [6]Lusardi, Annamaria, and Peter Tufano. Debt Literacy, Financial Experiences, and Overindebtedness, 2015 www.researchgate.net/publication/48264008_Debt_Literacy_Financial_Experiences_and_Overindebtedness. [7]Lusardi, Annamaria. The Importance of Financial Literacy, 2009, www.econstor.eu/bitstream/10419/61937/1/688263585.pdf.

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Posted

2025-10-18

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