Retirement Planning With AI and More of Today’s Top Money News
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Gary Dudak
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Happy Monday! I hope you all had great weekends. I got some yard work done, coached my kid’s soccer team and lost a few of my fantasy football players to injury. Pretty standard. But enough about me — here’s our daily rundown of some of the top financial stories out there.
The Big Lead: 4 in 10 Americans Would Trust AI With Retirement Planning — Should You?
Artificial intelligence can be a useful tool for planning a grocery list or a vacation, but should you use it to plan your retirement? According to a new TIAA Institute report, many Americans are willing to. Asked if they were open to using AI tools to help with money management and planning for the future, 40% said yes — significantly higher than the percentage that are currently working with a professional advisor (24%). Read the full story here.
Economy Spotlight: Consumer Sentiment Drops Again
Do topics like inflation, gas prices, high mortgage rates and trade wars have you feeling down about the economy? You’re not alone. New data shows that consumer sentiment dropped in September close to the lowest level ever recorded in the 74-year history of the University of Michigan’s monthly survey. Find out more here.
Be Aware: Fake Job Postings on LinkedIn
Jay Jones tracks fraudulent recruiters, hijacked LinkedIn accounts and bogus job openings online. Over the past two years he says he has helped get nearly 60,000 fake job listings removed from the internet, mostly on LinkedIn. Check out the full story here.
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