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International Business Times UK
International Business Times UK
Business
Akshay Puri

Elon Musk Says Retirement Savings Will Become Irrelevant Thanks to AI — Here's How

Musk warns that the shift to abundance may bring social unrest, job disruption, and questions about purpose. (Credit: Bernard Bujold/Flickr)

Elon Musk, the world's richest man with a net worth exceeding $600 billion, has made a bold claim that could unsettle traditional financial planning. The Tesla and SpaceX CEO predicts that saving for retirement could become entirely irrelevant within the next two decades.

Speaking on the 'Moonshots with Peter Diamandis' podcast, Musk discussed how advances in AI, robotics, and energy will shape a future where everyone has access to all they need. 'The good future is that anyone can have whatever stuff they want,' he explained. In his vision, top-tier healthcare, education, and even material goods would be freely available to all, fundamentally transforming societal priorities.

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