US EditionElon Musk: ‘Don’t Squirrel Away Money – Savings Will Be Irrelevant in 20 Years’
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7 Articles
Elon Musk: ‘Don’t squirrel away money – savings will be irrelevant in 20 years’
For a good many generations now, putting aside as much money as you can for your retirement has been treated as basic – but rather necessary – adult admin. According to Elon Musk, however, that assumption may be nearing its sell-by date. Speaking recently, the billionaire suggested that the entire concept of saving cash for later life by way of pensions could soon be entirely obsolete. Not reformed. Not tweaked. Simply unnecessary. It’s a striki…
In many countries, private pension provision is an important pillar for financially secured retirement. However, according to Musk, this will no longer be necessary in the future.
Elon Musk predicts saving for retirement will be ‘irrelevant’ in 20 years: ‘Anyone can have whatever they wish’
Elon Musk says saving for retirement may become irrelevant within 20 years as AI, robotics and energy breakthroughs create massive productivity and abundance. He believes a universal high income could replace traditional financial planning
Billionaire Elon Musk claims that thanks to the rapid development of technology, pensions will soon cease to be paid.
During a recent appearance in the "Moonshots" podcast led by Peter Diamandis, Elon Musk delivered a surprising statement to listeners. Tesla and SpaceX's CEO, recently engaged in a judicial battle for a $139 billion compensation package despite an estimated personal fortune of $700 billion, ensured that the ... Read more The article Elon Musk calls not to save for retirement, predicting a revolution by artificial intelligence.., appeared first o…
“A second recommendation that I have is: Don’t worry that you will save money for pensions over 10 or 20 years”, said CEO Tesla and SpaceX during the most recent episode of the “Monshots with Peter Diamandis” podcast. “If any of the things I have said are true, pension savings will be irrelevant”, added Elon Musk, according to the BI. The richest man in the world, who has been netting over $600 billion, described a future in which advances in ar…
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