Q Why should people in the general public care about finance? So it's like, so you're, you're doing, you're investing in all these things, this sounds like something banks used to do a lot more of, and now there's other people that are doing them other than just banks, and what, what's, what's changing here, and why does it matter?
A I actually think that technology finding its way into financial services is actually taking down costs for consumers. So if you think about the average American who used to overdraft many times a month and pay, I think, 15 to 25 dollars every time they overdrafted as, in addition to interest and return check fees, now you have a couple dollar a month subscription for a company called Dave that provides insurance that allows you to overdraft as much as you need And they obviously have some limits, but for the inadvertent 20, 30 dollar overdraft, they'll ensure for your small payment that you don't get any of those fees and you don't have the interest payments with the banks.
AI assessment note: “technology finding its way into financial services is actually taking down costs for consumers.”