Elon Musk says Retirement Savings won’t matter as AI will Create a World of Abundance - Realm Wire

Elon Musk stated on a podcast that saving money for retirement in 10 or 20 years will be irrelevant due to an impending "supersonic tsunami" of artificial intelligence and robotics. He predicts that by 2030, AI will surpass all human intelligence combined, leading to a world where scarcity is eliminated, and productivity creates an abundance beyond current comprehension. Instead of Universal Basic Income, Musk envisions a "universal 'you can have whatever you want' income," rendering the link between earnings, savings, and quality of life obsolete. He believes this technological shift will also rapidly improve medical care and provide unlimited access to goods and education. While Musk sees work becoming optional, most financial experts strongly disagree with his optimistic timeline, continuing to advise careful retirement planning.

(Source：Realm Wire)