{"slug": "musk-claim-that-ai-will-end-need-for-retirement-savings-echoed-by-us-treasury", "title": "Musk claim that AI will end need for retirement savings echoed by US Treasury Secretary", "summary": "US Treasury Secretary Scott Bessent echoed Elon Musk's claim that artificial intelligence will eliminate the need for retirement savings within 10 to 20 years, agreeing with Musk's vision of AI-driven abundance but suggesting Musk's timeline is 'ahead of the curve.'", "body_md": "# Musk claim that AI will end need for retirement savings echoed by US Treasury Secretary\n\n[Scott Bessent](/topic/scott-bessent)has echoed[Elon Musk](/topic/elon-musk)'s claims that artificial intelligence will eliminate the need for retirement savings.- Musk previously asserted that within 10 to 20 years, saving for retirement will become irrelevant due to the 'abundance of AI'.\n- The SpaceX CEO believes AI will surpass human intelligence in a few years, rendering cash meaningless.\n- A figure identified as 'the Treasury Secretary' agreed with Musk's perspective during a Fox News interview on Monday (27 July).\n- This individual, however, suggested that Musk's timeline for these developments is 'ahead of the curve'.", "url": "https://wpnews.pro/news/musk-claim-that-ai-will-end-need-for-retirement-savings-echoed-by-us-treasury", "canonical_source": "https://www.independent.co.uk/bulletin/news/elon-musk-scott-bessent-ai-retirement-savings-b3023271.html", "published_at": "2026-07-28 19:08:44+00:00", "updated_at": "2026-07-28 19:34:13.804025+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-policy"], "entities": ["Scott Bessent", "Elon Musk", "SpaceX", "Fox News"], "alternates": {"html": "https://wpnews.pro/news/musk-claim-that-ai-will-end-need-for-retirement-savings-echoed-by-us-treasury", "markdown": "https://wpnews.pro/news/musk-claim-that-ai-will-end-need-for-retirement-savings-echoed-by-us-treasury.md", "text": "https://wpnews.pro/news/musk-claim-that-ai-will-end-need-for-retirement-savings-echoed-by-us-treasury.txt", "jsonld": "https://wpnews.pro/news/musk-claim-that-ai-will-end-need-for-retirement-savings-echoed-by-us-treasury.jsonld"}}