The Damage Report
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Elon Musk Says The UNBELIEVABLE As Dangerous Retirement Claims Unravel
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January 13, 2026
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9:19Now PlayingElon Musk makes dangerous claims on the irrelevance of people saving for retirement as he pushes the theory that people will have whatever they want because the government will just give it to them after AI creates an abundance of resources. John Iadarola breaks it down on The Damage Report. Leave a comment with your thoughts below!
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Read more here:
Why Elon Musk says saving for retirement will be 'irrelevant' in the next 20 years
"Elon Musk says saving for retirement will be "irrelevant" if he's right about what the future holds.
The Tesla and SpaceX CEO predicted AI would help create an "abundance" of resources for all.
People would have "whatever stuff they want" and access to superb healthcare and education, he said.
Saving for retirement has been a cornerstone of personal finance for well over a century. It could become pointless soon, Elon Musk says.
"One side recommendation I have is: Don't worry about squirreling money away for retirement in 10 or 20 years," the Tesla and SpaceX CEO said during the latest episode of the "Moonshots with Peter Diamandis" podcast. "It won't matter.""
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