A quarter of the tasks performed in 2023 by American workers are ex­pected to be automated by Artificial Intelligence (AI) by 2030 and U.S. labor productivity is expected to surge. The U.S. labor force is about to be reshaped. Here are three implications of AI on personal financial plans.

Manias And Bubbles. From tulips to cryptocurrency, financial history is replete with manias and bubbles sparked by the next big thing. AI investments could become wildly overpriced, just like what happened in the dot-com stock crash of 2000. AI is different from cryptocurrency mania. Cryptocurrency held no intrinsic value. AI is not the same. It is a watershed advancement in expanding knowledge, and it’s led by America. But don’t bet your retirement on it. Valuations of AI investments already have been bid up and a wave of speculative investments is likely to materialize for the next few years.