Billionaire Elon Musk believes that saving for retirement will be irrelevant in the future to come, as a “high universal income” would ensure abundant availability of resources for all classes of the population.<\/p>\n
The Tesla and SpaceX owner’s remarks came during the ‘Moonshots with Peter Diamandis’ podcast, where he claimed that people should not worry about saving their wealth for a retirement that may be 10 to 20 years from now.<\/p>\n
“Don’t worry about squirreling money away for retirement in 10 or 20 years… If any of the things that we’ve said are true, saving for retirement will be irrelevant,” Musk said.<\/p>\n
Musk, currently the world’s richest man, believes that the advances in artificial intelligence, robotics and energy would super-charge productivity, resulting in “abundance” of resources. There will be “universal high income” granted to all, he predicted.<\/p>\n
Anyone will be free to have “whatever stuff they want”, ranging from “better medical care” to learning anything “for free”.<\/p>\n","protected":false},"excerpt":{"rendered":"Billionaire Elon Musk believes that saving for retirement will be irrelevant in the future to come, as a…\n","protected":false},"author":2,"featured_media":364605,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,4174,4175,56,54,55],"class_list":{"0":"post-364604","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-personal-finance","11":"tag-personalfinance","12":"tag-uk","13":"tag-united-kingdom","14":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/364604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=364604"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/364604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/364605"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=364604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=364604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=364604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}