[ad_1]
“Clearly 2022 was tough: more than half of the Americans we surveyed reported that they were not on track to achieve their financial goals,” wrote Tom Van Horn, Magnifi’s chief product officer of a report released by the financial firm looking at the state of personal investing in 2023.
Yet 2023 is starting off on a higher note, says Van Horn.
Based on a survey of over one thousand participants, Magnifi reports that 73% of Americans are planning to invest in 2023, and over half of them said they’ll invest more than last year in spite of the economic downturns.
“Despite high inflation and climate change dominating the news cycles, Americans are more optimistic about investing’s potential,” says Van Horn.
Negative international and domestic events, like Tech layoffs and the Ukraine war are only affecting a minority of investors, with 71% stating these news aren’t affecting their decision to invest.
I A.I. Investing Coming To Stay? Investing with the help of A.I. was a major focus of the survey, based on Magnifi’s product offerings which use conversational A.I. tools to advise investors on their investment decisions.
In recent months, conversational A.I. tools like ChatGPT have dominated the tech news cycle, with Microsoft‘s MSFT Bing including a beta version of the software in its search engine.
66% of respondents said they understand how A.I. works. And 41% said they would make an investment decision based on a recommendation from a conversational A.I. program like ChatGPT, with millennials being three times more likely than boomers to make that choice.
Pexels image.
[ad_2]
Image and article originally from www.benzinga.com. Read the original article here.