Financial Literacy in the AI Era: Empowering People Through Education

This year’s International Day of Education is dedicated to artificial intelligence - a technology reshaping how we live, learn, and work. But as AI drives innovation, there’s an essential foundation we must strengthen: financial literacy. 

In the UK, 73% of adults fall below the financial literacy benchmark, with younger generations facing the steepest challenges. Among 16-17-year-olds, the average score is just 2.3 out of 10, highlighting a critical gap in knowledge about savings, inflation, and mortgages. 

The consequences are far-reaching. Research shows that those with higher financial understanding are significantly more likely to save, invest, and contribute to pensions. For those without it, the cost can be lifelong financial insecurity. 

While the statistics are sobering, there’s hope. AI offers opportunities to make financial literacy accessible, engaging, and empowering for everyone. 

 

Top 5 Ways AI Can Boost Financial Literacy 

Personalised Learning Paths 

AI can create tailored learning experiences, meeting individuals where they are. A banking app could guide users through lessons on saving, borrowing, or investing based on their current habits and goals. 

Gamified Education 

AI-powered platforms can turn learning into an interactive experience, using quizzes, challenges, and real-life scenarios to make financial literacy fun for all ages. 

Smart Budgeting Tools 

Budgeting apps equipped with AI don’t just track spending - they provide actionable insights, set realistic saving goals, and offer tips to improve financial health. 

Accessible Learning for All Ages 

AI-driven virtual assistants and chatbots can break down complex topics, like mortgages or pensions, into simple, plain language. This makes education accessible to people of all backgrounds and generations. 

Proactive Crisis Support 

Some AI-powered tools can identify warning signs of financial stress, like repeated overdrafts or missed payments, and offer solutions before challenges escalate. 

AI and Financial Wellbeing in the Workplace 

While AI can be a powerful tool for individuals, employers have a unique opportunity to champion financial literacy as part of a holistic wellbeing strategy. The workplace is where many financial decisions are made - from pensions to mortgages - making it a natural space to support employees on their financial journey. 

At Prestige Private Finance, we specialise in helping organisations bridge the financial literacy gap with our Financial Wellbeing Programme. Through complimentary workshops and resources (always at no cost to your business), we empower employees with the knowledge and confidence to make better financial decisions. 

Our programme includes: 

• Interactive Lunch and Learns, tailored to the needs of your team. 

• Bespoke homeownership roadmaps, personalised for each employee. 

• Exclusive online resources, like toolkits and guides, to support ongoing learning. 

  
  

Incorporating financial wellbeing into your workplace strategy can reduce employee stress, boost engagement, and foster a thriving workplace culture. And with AI-driven insights now available, the tools to support your team are more accessible than ever. 

Let’s Start the Conversation 

This International Day of Education, let’s commit to empowering employees with the tools they need to thrive financially. Our Financial Wellbeing Programme is completely complimentary and seamlessly integrates into your existing initiatives. 

Ready to support your team? Contact us today to book an intro call and discover how we can transform financial literacy in your organisation - at no cost to your business.