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Home Breaking News

Singaporeans are wary of trusting AI with financial or mental health advice: Report

September 10, 2025
in Breaking News
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Singaporeans are wary of trusting AI with financial or mental health advice: Report
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As AI instruments more and more change into a staple in each day life for Singaporeans, a brand new survey by Milieu Perception exhibits a nuanced relationship between utilization and belief. Whereas 80 per cent of Singaporeans now use AI in some private capability, solely a small fraction depend on it for extra delicate choices comparable to monetary planning (16 per cent) or psychological well being help (14 per cent).

The findings come at a time when AI is underneath rising public and governmental scrutiny spurred by incidents of deepfakes, rising scams, and a broader dialog round AI’s function in jobs and society.

The fieldwork, performed in June with 1,000 respondents aged 16 and above, underscores how rapidly AI has permeated Singaporean life. Youthful individuals, notably these aged 16 to 24, are main the cost: 40 per cent report common use, and half of that group say they make use of AI for inventive duties comparable to writing or picture era.

Regardless of this enthusiasm, engagement stays informal. Eighty-seven per cent of customers spend lower than half-hour a day on AI instruments, usually for planning, inventive prompts, or common info.

However the line between novelty and necessity remains to be firmly drawn.

Additionally Learn: Singapore’s AI revolution and the way SMEs can win in a high-risk panorama

“The findings present a captivating duality: AI has change into a mainstream instrument for on a regular basis effectivity, however Singaporeans proceed to attract clear traces in the case of belief and human experience,” stated Juda Kanaprach, Co-Founder and Chief Industrial Officer at Milieu Perception.

Issues about misinformation and over-reliance are most distinguished amongst youthful customers, with 61 per cent anxious about pretend or deceptive content material. In the meantime, older customers (55+) are extra anxious concerning the diminishing “human contact” in an more and more automated society.

The worry just isn’t unwarranted. Although 94 per cent say they’ve by no means personally been focused by deepfakes, greater than a 3rd of affected respondents reported destructive impacts on their psychological well being. But, reporting stays low: most victims merely alter privateness settings or speak in confidence to buddies.

The low uptake of AI for monetary and psychological well being companies alerts a tough boundary: Singaporeans might respect AI’s utility however cease in need of changing skilled human judgment. This displays broader societal and coverage views, together with Prime Minister Lawrence Wong’s latest Nationwide Day Rally emphasis that Singaporeans (and never AI) will stay on the middle of the nation’s financial future.

Generational preferences additionally reveal an fascinating paradox. Whereas youthful customers are extra prepared to experiment with AI, additionally they categorical discomfort with it changing real human interplay. Practically 60 per cent of Gen Z respondents voiced unease about AI supplanting social or emotional exchanges.

Additionally Learn: Belief, not simply know-how: What I realized constructing AI finance instruments for SMEs in Southeast Asia

Singapore’s regulatory gaps are additionally telling. Solely 38 per cent of survey respondents felt present authorized protections in opposition to deepfakes had been efficient regardless of broad consensus (94 per cent) that the difficulty is critical.

As Southeast Asia doubles down on AI integration throughout companies, from banking to schooling, Singapore’s nuanced expertise provides necessary classes. Excessive engagement doesn’t equate to deep belief, notably when coping with delicate domains.

Governments and tech builders within the area should subsequently focus not solely on innovation, but additionally on constructing strong safeguards and clear moral frameworks.

—

Picture Credit score: Julio Lopez on Unsplash

The publish Singaporeans are cautious of trusting AI with monetary or psychological well being recommendation: Report appeared first on e27.



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Tags: advicefinancialHealthmentalReportSingaporeanstrustingwary
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