International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Volume 8 Issue 3
May-June 2026

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Role of Generative AI Tools in Empowering Gen Z and Millennial to Manage Personal Finance

Author(s) Dr. Ansha Gupta, Dr. Priyanka Sharma
Country India
Abstract The study aims on using Parasuraman's (2000) Technology Readiness Index (TRI) dimensions on optimism, innovativeness, discomfort, and insecurity as a guiding framework to assess influences on usage intention of AI-based tools for personal finance management (e.g., budgeting/saving/investing/expense tracking). The sample size of 161 active users of AI-based tools based in Mumbai have been used. The data shows no significant difference between men and women in overall TRI or intent to use AI tools. Looking at Gen Z are much more optimistic, innovative and intentional (and a higher percentage hold positive perceptions), whereas Gen Z and millennial might be equally uncomfortable/dissatisfied/insecure pointing to the fact that while the age of the interviewee influences their optimism and interest in adoption, concerns over technology are blind. Innovativeness (r=0.796) has the strongest positive relationship followed by all TRI dimensions with intent. Regression analysis shows a high correlation between the exploratory variables and intent (R = 0.965, R2 = 0.932), which indicates that 93.2% of intent variation is explained by TRI factors in this model. Results highlight that among younger generations, technology readiness is an important factor in incorporating AI-managed personal finance.
Keywords AI based financial tools, Personal finance, Technology Readiness Index, Gen Z, and Millennial
Published In Volume 8, Issue 3, May-June 2026
Published On 2026-06-02
DOI https://doi.org/10.36948/ijfmr.2026.v08i03.79376
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