Tech Tycoon Elon Musk has declared that traditional retirement planning is obsolete due to coming technological advances he believes will eliminate scarcity. Musk says, “Don’t worry about squirreling money away for retirement in 10 or 20 years. It won’t matter.”
Fortune reports that Elon Musk, currently the world’s wealthiest individual, says that saving money for retirement serves no purpose given what he describes as an approaching wave of AI and robotics capabilities. Speaking on the Moonshots with Peter Diamandis podcast, Musk outlined his vision for a future where technological progress renders conventional financial planning obsolete.
On the Moonshots with Peter Diamandis podcast last week, Musk stated: “Don’t worry about squirreling money away for retirement in 10 or 20 years. It won’t matter.”
Musk’s comments on retirement savings are similar to
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