Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleScott Bessent has echoed Elon Musk's claims that artificial intelligence will eliminate the need for retirement savings. Musk previously asserted that within 10 to 20 years, saving for retirement will become irrelevant due to the 'abundance of AI'. The SpaceX CEO believes AI will surpass human intelligence in a few years, rendering cash meaningless. A figure identified as 'the Treasury Secretary' agreed with Musk's perspective during a Fox News interview on Monday (27 July). This individual, however, suggested that Musk's timeline for these developments is 'ahead of the curve'. In fullTreasury Secretary parrots Elon Musk’s claim that Americans won’t need to save for retirement because of AI’s abundanceMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Musk claim that AI will end need for savings echoed by US Treasury Secretary
Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleScott Bessent has echoed Elon Musk's claims that artificial intelligence will eliminate the need for retirement savings. Musk previously asserted that within 10 to 20 years, saving for retirement will become irrelevant due to the 'abundance of AI'. The SpaceX CEO believes AI will surpass human intelligence in a few years, rendering cash meaningless. A figure identified as 'the Treasury Secretary' agreed with Musk's perspective during a Fox News interview on Monday (27 July). This individual, however, suggested that Musk's timeline for these developments is 'ahead of the curve'. In fullTreasury Secretary parrots Elon Musk’s claim that Americans won’t need to save for retirement because of AI’s abundanceMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Musk claimed AI will eliminate retirement savings in 10–20 years; US Treasury Secretary Bessent agreed on Fox News. A top fiscal official endorsing AI's economic disruption signals mainstream confidence that AI will reshape wealth management and financial systems.
