Elon Musk Says If You Plan In Retiring In 10-20 Years Don't Stress If You've Got Nothing Saved — 'It Won't Matter' Anyway

Elon Musk suggested this week that traditional retirement planning may soon become obsolete, arguing that artificial intelligence and robotics will so thoroughly transform the economy within two decades that accumulated savings will be largely irrelevant. The billionaire's dismissal of conventional financial wisdom—delivered with characteristic confidence—touches on a deeper anxiety rippling through Silicon Valley: that the technological disruption promised by A.I. advocates will render today's economic assumptions, and possibly today's jobs, obsolete. Whether Musk is offering genuine insight into an impending future or simply engaging in the kind of provocative speculation that has long characterized his public pronouncements, his comments underscore how profoundly some of technology's most influential figures believe the world

Yahoo Finance·May 6