Elon Musk's prediction that artificial intelligence will one day make retirement accounts unnecessary has met bipartisan scepticism on Capitol Hill, with lawmakers from both parties insisting Americans should continue saving for retirement despite rapid advances in AI.
The debate gained fresh momentum this week after US Treasury Secretary Scott Bessent appeared to echo Musk's optimism about AI's long-term economic potential, prompting renewed questions over whether artificial intelligence is anywhere close to transforming personal finance in the way some technology leaders predict.
