Your Retirement Savings Are Fueling the AI Bubble
Lenore Palladino, an associate professor at UMass Amherst, argues on lpeproject.org that working people's retirement savings are being funneled through private funds into the AI bubble, leaving them exposed to a tech sell-off that erased nearly a trillion dollars from the Magnificent Seven on October 29, 2026, as voters also rejected data center construction across Texas, Georgia, and New Mexico. She warns the mounting, opaque debt recalls 2008, and urges pension trustees, workers, and government to redirect savings away from risky data center financing toward affordable housing and renewable energy.
