Desperate Gen Zers and millennials are turning to online gambling and AI to claw their way out of crushing debt \u2014 in part because of the \u201capproachability\u201d and \u201cjudgement-free advice\u201d from computers, according to a new survey.<\/p>\n
Sports betting, prediction markets like Polymarket <\/a>and Kalshi<\/a>, fantasy sports, day trading and even old fashioned casino gambling aren\u2019t just hobbies \u2014 or addictions \u2014 anymore; they\u2019re financial survival strategies for cash-strapped adults, according to a new poll from National Debt Relief and Wakefield Research <\/p>\n 69% of millennials and 64% of Gen Z report using AI for money advice during financial struggles. Prostock-studio \u2013 stock.adobe.com<\/p>\n A whopping 65% of Gen Z and 49% of millennials who regularly gamble say they have done so to try to eliminate a chunk of their debt, compared to 39% of Gen X and 19% of boomers.<\/p>\n 65% percent of millennials and 53% of Gen Z reported they felt more comfortable talking about their financial woes with AI. Daniel \u2013 stock.adobe.com<\/p>\n And when it comes to guidance, AI has become a personal financial guru, according to the survey of 2,000 US adults above the age of 18. <\/p>\n An eye-opening 69% of millennials and 64% of Gen Z report using AI for money advice during financial struggles, compared with 45% of Gen X and just 23% of boomers.<\/p>\n The survey found \u201cjudement-free advice\u201d and \u201cAI\u2019s approachability\u201d was a major draw for using AI to manage their money matters. <\/p>\n Sixty-five percent of millennials and 53% of Gen Z reported they felt more comfortable talking about their financial woes with computers rather than with family and friends, according to the poll.<\/p>\n