# Musk claim that AI will end need for retirement savings echoed by US Treasury Secretary > Source: > Published: 2026-07-28 19:08:44+00:00 # Musk claim that AI will end need for retirement savings echoed by US Treasury Secretary [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'. - The SpaceX CEO believes AI will surpass human intelligence in a few years, rendering cash meaningless. - A figure identified as 'the Treasury Secretary' agreed with Musk's perspective during a Fox News interview on Monday (27 July). - This individual, however, suggested that Musk's timeline for these developments is 'ahead of the curve'.