Enhancing Financial Education with AI and VR: Data-Driven Insights and Future Trends

Abstract

Financial literacy is an essential skill in today’s economy, yet many lack the needed knowledge to enable them to make informed financial decisions. This paper explores the integration of Artificial Intelligence AI) and virtual reality (VR) in financial learning. It delves into the many ways these technologies create conducive and enhanced learning experiences across all spectrums of learners. With their successful integration into the financial learning experience, learners can grasp various financial concepts and improve their financial decision-making skills. With a combination of AI-driven personalized learning together with immersive virtual reality (VR) simulation, an enhanced learning environment is created. With the assimilation of the two technologies previously complex financial concepts are broken down into easy-to-understand information. The practicality of the new environment and its engaging nature only adds flavor in the better assimilation of financial concepts. The study goes through current uses of artificial intelligence (AI) and virtual reality (VR) in financial education, together with their benefits and various limitations. It also puts into perspective relevant insights from recent case studies. The findings to large extent demonstrate the improvements achieved with AI and VR in financial literacy through an interactive and experiential learning environment. The paper concludes with several recommendations for further research and strategies to maximize the effectiveness of the technologies in financial education.