Treasury Secretary echoes Musk: AI abundance means Americans won't need retirement savings

US Treasury Secretary Scott Bessent echoed Elon Musk's claim that Americans will not need to save for retirement because artificial intelligence will generate so much wealth and "abundance" that traditional retirement savings become unnecessary. The statement has drawn significant controversy among economists and social policy experts who question the premise.

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💻 Technology US and China plan high-stakes AI talks for September, led by Treasury's Bessent The Independent World · 9d ago 💻 Technology AI is pushing older workers towards earlier-than-planned retirement MarketWatch · 13d ago 💻 Technology US pushes AI in Asia, but China dominates with cheaper models CNBC · 1d ago

More on this topic

💻 Technology US and China plan high-stakes AI talks for September, led by Treasury's Bessent The Independent World · 9d ago 💻 Technology AI is pushing older workers towards earlier-than-planned retirement MarketWatch · 13d ago 💻 Technology US pushes AI in Asia, but China dominates with cheaper models CNBC · 1d ago