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Elon Musk stated on a January 2026 podcast that saving for retirement is unnecessary due to advancing AI and robotics leading to a world without scarcity. He predicted AI will exceed combined human intelligence by 2030 and humanoid robots will outnumber humans. Federal Reserve data shows many Americans lack emergency savings amid these forecasts.
techcentral.co.zaElon Musk stated that saving for retirement is pointless due to the impending 'supersonic tsunami' of AI and robotics, which will bring about a world of zero scarcity. com reported Musk made the comments on the Moonshots with Peter Diamandis podcast in January 2026, where he said, 'Don’t worry about squirreling money away for retirement in 10 or 20 years.
' He predicted that by 2030, AI will surpass the intelligence of all humans combined.
Musk claimed that eventually there will be more humanoid robots than humans on Earth. The traditional job will be replaced, with white collar positions first on the list, he stated. 'Anything short of shaping atoms, AI can do probably half or more of those jobs right now,' Musk said.
Rather than a universal income, everyone will enjoy a 'universal ‘you can have whatever you want’ income' in the future, according to Musk. Even without savings, AI will help people obtain better medical care than what is currently available within five years, he stated.
Musk previously claimed that AI and humanoid robots will make work 'optional' within 10 to 20 years and render money itself irrelevant.
-Saudi Investment Forum in November, Musk said, 'If you want to work, [it’s] the same way you can go to the store and just buy some vegetables, or you can grow vegetables in your backyard. ' A Federal Reserve survey found that only 55% of American adults had a 'rainy day' fund equal to three months of expenses saved up for an emergency.
The percentage of American adults with a 'rainy day' fund equal to three months of expenses was down from a high of 59% in 2021, according to the Federal Reserve survey.
Fewer than half of those surveyed by the Federal Reserve said they could cover an expense of $2,000 or more with their savings.
nypost.comSuper PACs tied to Anthropic and OpenAI have spent more than $37 million on congressional primaries this cycle. The groups have outspent candidates in some races and focused on candidates who back differing approaches to AI regulation.
flipboard.comPresident Trump met Anthropic CEO Dario Amodei at the G7 summit and described talks on restoring access to Fable 5 and Mythos 5 as progressing. The company disabled the models for all users after an administration order to block foreign nationals.
techcentral.co.zaAmazon Web Services is in early talks to sell its Trainium chips outside its own data centers. The move follows statements in Andy Jassy’s April shareholder letter projecting a potential $50 billion annual run rate.