Musk Says Don’t Save for Retirement, Citing Imminent AGI and Abundance

Reporters warned the advice could be harmful given persistent costs.

Overview

On the Moonshots with Peter Diamandis podcast, Elon Musk said people should not worry about putting money away for retirement because “it won’t matter.”
He described a near-future of abundance driven by AI, energy, and robotics that he says could deliver universal high income plus broad access to goods, healthcare, and education.
Musk predicted artificial general intelligence in 2026 and said AI could exceed the intelligence of all humans combined by 2030.
He cautioned that the transition could be “bumpy,” raising the prospect of social unrest and a loss of purpose as traditional jobs diminish.
When asked whether corporate profits would need to be taxed and redistributed to fund income, Musk did not outline a clear government role, and coverage noted he hesitated to endorse such mechanisms.