The AI spending bubble could have an ominous effect on 401(k)s, given the massive concentration of tech stocks in the S&P500.

Here’s a new one. Not only is AI about to take your job and leave you on the street — it’s about to destroy your retirement account as well.

As the Washington Post observed in new reporting on the AI bubble, speculative investment into AI development is now the dominant force driving the US economy. By the numbers, the US GDP has grown at a rate of 1.6 percent so far this year, on pace to hit the 2.8 percent growth it achieved in 2024. That’s all well and good on paper, except for the troubling fact that two-thirds of that growth came from AI, per WaPo‘s analysis.

  • Corelli_III@midwest.social
    124·
    14 days ago

    “your retirement fund” what the fuck

    who the fuck are they even talking to? 10% of the population of the colonies? anybody rocking a “retirement fund” in USD is going to get wrecked by the USD collapsing so don’t worry about getting your nazi gold stolen by robots *

    • sorry if it isn’t clear, fake AI is still to blame in the pessimistic scenario i laid out there. just in this case the hyper investment of USD into fake genies collapses the global economy of the dollar when these wars shake out, not whatever shitty little scam the mid-mid-grifters are pulling today

    DIVEST

      • AmbiguousProps@lemmy.todayEnglish
        4·
        14 days ago

        I changed my 401k contributions to international funds, but it unfortunately didn’t move the previous contributions to it so I’m still gunna lose most of it. The best part is, it’ll probably crash the global economy too!

        • AliasAKA@lemmy.worldEnglish
          1·
          13 days ago

          I did the same. I just wish I could move my money to international bank accounts held in Euro or something.