Retirement: Elon Musk says to stop saving, American financial experts warn it’s dangerous

In early January 2026, Elon Musk said on the Moonshots with Peter Diamandis podcast that AI advances would soon make retirement savings unnecessary in the United States, predicting AI would surpass all of humanity by 2030 and that future services would provide housing and health care. Financial professionals quoted by Kerry Hannon in Yahoo Finance rejected betting one’s future on this hypothetical abundance. Conor Kelly warned that scarce assets such as real estate could become more valuable, while Dan Galli noted that futuristic predictions often materialize only partially. Pam Krueger acknowledged that AI could reduce some costs but advised people to keep saving, saying lower-than-expected future expenses would leave savers better prepared.