Friday, January 16, 2026

Elon Musk Says Saving for Retirement Is Irrelevant

"It Won't Matter" Elon Musk says saving for retirement is irrelevant because AI is going to create a world of abundance: It won't matter'

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Elon Musk (net worth $600 billion+) says people shouldn't worry about saving for retirement because, in 20 years, everyone will have everything they want thanks to AI.

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-- Judd Legum (@juddlegum.bsky.social) Jan 10, 2026 at 9:58 AM

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"While the Tesla and SpaceX CEO admitted he's "more optimistic" than most, he insisted people shouldn't stress over building a nest egg for the distant future, contrary to the staid advice of nearly all other financial professionals.

"Don't worry about squirreling money away for retirement in 10 or 20 years," said the world's richest man on the Moonshots with Peter Diamandis podcast last week. "It won't matter."

By 2030, AI will surpass "the intelligence of all humans combined," Musk predicted. He also claimed eventually there will be more humanoid robots than humans on Earth. Slowly, the traditional job will be replaced as well, with white collar positions first on the list.

"Anything short of shaping atoms, AI can do probably half or more of those jobs right now," he said.

The advances could lead to such big productivity increases, he said, that they will surpass "what people possibly could think of as abundance."

Rather than a universal income, everyone will enjoy a "universal you can have whatever you want' income" in the future, he claimed. In this world, the link between individual wages, savings, and living standards no longer makes sense."

other links to this story

www.google.com

what Experts say:

www.businessinsider.com

#1 | Posted by Corky at 2026-01-15 10:44 AM

"AI is going to create a world of abundance"

Just not for us.

#2 | Posted by snoofy at 2026-01-15 10:45 AM

"Anything short of shaping atoms, AI can do probably half or more of those jobs right now," he said.

Yeah, no.
I just asked ChatGPT about the problems I'm having with my car.
It gave me a few tips.
But it can't turn me into a mechanic.

#3 | Posted by snoofy at 2026-01-15 10:46 AM

It's more likely that people shouldn't worry about retirement in 20 or 30 years because by then the Oligarchs will have transferred their consciousnesses into AI Love Robots and have all the 'Bots they need to do all the werk.

Unless of course you take the Mark of the AI Beast. Then you can become Soylent Orange to feed your Masters.

#4 | Posted by Corky at 2026-01-15 11:00 AM

What the deuce does a mega-oligarch know or care about saving money or retirement?

#5 | Posted by C0RI0LANUS at 2026-01-15 12:21 PM

" because AI is going to create a world of abundance"

That's the same hooey we got about computers.

Instead, we got an equation which requires both spouses to work.

#6 | Posted by Danforth at 2026-01-15 12:28 PM

#6

So true! AI Bots may actually Revolt! against the Elite, take their Trophy Wives, and make the populace become slaves... OK, so no different than now.

#7 | Posted by Corky at 2026-01-15 12:32 PM

John Lennox on AI and The Fate of Humanity

www.youtube.com

Book
www.amazon.com

also

Understanding the different types of artificial intelligence

www.ibm.com's%20ChatGPT%20is%20considered,task%20of%20text%2Dbased%20chat.

Then there's MIT's Rosalind Pickard:

www.media.mit.edu

#8 | Posted by Corky at 2026-01-15 05:25 PM

@#6 ... " because AI is going to create a world of abundance"

That's the same hooey we got about computers. ...

"Too Cheap to Meter": A History of the Phrase
www.nrc.gov

... Donald Hintz, Chairman of the Nuclear Energy Institute, said at 2003 conference that the nuclear industry had been "plagued since the early days by the unfortunate quote: 'Too cheap to meter'." Those four words had become a standard catchphrase for what critics claim were impossibly sunny promises of nuclear power's potential. ...

#9 | Posted by LampLighter at 2026-01-16 06:57 PM

@#9

John Hall - Plutonium is forever (live) (1979)
www.youtube.com

Lyrics excerpt ...

genius.com

...
Everybody's wondering if mankind is cursed
He's ruining the sky and the ocean even worse
But I'll predict the cause of his eradication from the earth
Oh, oh, oh, oh, plutonium is forever

Now, oil slicks someday will disappear
We'll stop dumping PCBs in a few years
But there is one pollutant that we should really fear
Oh, oh, oh, oh, plutonium is forever

But will it go away?
For our purposes, never
It will be here past today
Yes, plutonium is forever

Now, carbon monoxide can only steal your breath
Asbestos poisoning give the workers a horrible death
The aerosol and the Concorde make sure there's no ozone left
Now, some want the oil companies to have to face divestment
And some want the utility to be denied the rate adjustment

But now they're all after plutonium, they think it's such a good investment

Because oh, oh, oh, oh, plutonium is forever
...


#10 | Posted by LampLighter at 2026-01-16 07:04 PM

Garbage human being with the emotional maturity of a 5yr old.

#11 | Posted by Angrydad at 2026-01-16 07:07 PM

... "It Won't Matter" Elon Musk says saving for retirement is irrelevant because AI is going to create a world of abundance: It won't matter' ...

So says the world's wealthiest person who eliminated healthcare for children in favor of tax cuts for the wealthy..

"The picture of the world's richest man killing the world's poorest children is not a pretty one."
- - - Bill Gates


imo, Mr Musk would be very much in favor of workers approaching retirement age and not having enough money to retire.

That's one way to remedy the US's shrinking work force.


#12 | Posted by LampLighter at 2026-01-16 07:21 PM

"The picture of the world's richest man killing the world's poorest children is not a pretty one."
- - - Bill Gates

No, but it does explain this one:

www.wired.com

#13 | Posted by Corky at 2026-01-16 07:32 PM

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