Elon Musk says saving for retirement may become irrelevant within the next 10–20 years due to AI and robotics. “Don’t worry about squirreling money away for retirement in like 10 or 20 years. It won’t matter.” Musk argues that if AI dramatically reduces the cost of labor and production, the entire economic structure built around scarcity could change. **“If any of the things that we’ve said are true, saving for retirement will be irrelevant.”** The idea is simple: If automation drives the cost of goods and services toward zero, traditional assumptions about retirement, savings, and financial security may no longer apply in the same way they do today. In that world, the real scarcity may no longer be money — but meaning, purpose, and human experience.

I knew this years ago 🙄 This is my first time hearing him say this but I could tell you to never save for retirement because it’s only a high yield savings account. I told my friends this last year. When you save your money — you allow them to invest it. Invest it yourself and reap the benefits than someone else investing it for you. Imagine how much you could have made in all those years of you would have invested it instead of having it sit in an account that you keep saving 😂 It’s ridiculous