We’re back with some fresh Elon Musk ragebait! Eat up, we know you’re hungry. 🥣🥰
Hardcore Muskies ask “how high” when Elon tells them to jump. We’re wondering how high he was when he recently said saving for retirement was pointless. 🤑 Is he right or are we drinking too much Haterade? 🤔
Here’s Five Fast Facts on AI, Elon, and retirement:
- 💸 Funny Money - On a recent podcast, Elon Musk claimed that rapid improvements in energy tech, robotics, and AI will soon create “zero scarcity” in the world. And with that in mind, Musk said people shouldn’t worry about saving money for the future.
- 🤖 Mr. Roboto - According to Musk’s predictions, AI will become smarter than all humans combined by 2030. He also said there’d be more robots than humans on earth. AI will replace all traditional jobs, with white collar ones disappearing first.
- 💰 Whatever You Like - In Musk’s dream world, work would become optional. Everyone would have a “you can have whatever you want” income, making wages and savings monopoly money. AI will also help people get better medical care and remove barriers to education, goods, and services.
- 😵💫 Panic Button - But it’s not all sunshine and rainbows. Musk says this new kind of income could bring about social unrest. When people’s jobs no longer matter, we could have a mass identity crisis.
- 💲 Save Me - Coming back to reality, inflation and a lack of meaningful wage growth has been hard on Americans. According to a recent survey, 55% of adults have three months worth of emergency expenses saved, down from 59% in 2021. Less than half surveyed could cover a $2,000 expense.
🔥Bottom line: Our take? Don’t let Elon’s dreams get your hopes up. Even if you believe him, you should absolutely NOT stop saving. Speaking of big shots and your money, Trump recently announced plans to put a 10% cap on credit card interest rates. Head over to this article to read about the potential impact.
Do you think an AI utopia is in our future?
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