Treasury Secretary Bessent Endorses Musk's Claim That AI Abundance Will Make Retirement Savings Unnecessary
r/singularity (439 upvotes / 119 comments; corroborated by Raw Story, AOL, Comic Sands)·medium signal
On Fox News with Sean Hannity, Treasury Secretary Scott Bessent was asked whether he agreed with Elon Musk's prediction that AI-driven wealth would make saving for retirement unnecessary and answered 'I do, but I think I would change the timeline,' adding that the US is 'building this incredible economy that we can't even imagine' and citing that a quarter of jobs existing in 2026 did not exist in 2000. The r/singularity thread drew 439 upvotes and 119 comments, mostly hostile. When Business Insider previously surveyed seven personal finance and AI experts on the same Musk claim, all seven said Americans should ignore it and keep saving.