Jan. 14, 2026

Elon Musk Says You Don't Need to Save for Retirement (Here's Why He's Dead Wrong)

Elon Musk Says You Don't Need to Save for Retirement (Here's Why He's Dead Wrong)

Elon Musk said people shouldn't save for retirement because AI and robotics will create abundance making goods essentially free with "universal high income" in 10-20 years, but this ignores current reality where Americans face high inflation and affordability crises—making it critical to keep maxing 401(k)s and IRAs, investing in low-cost index funds, and letting compounding work rather than betting on speculative predictions from billionaires with no consequences if they're wrong.

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