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Elon Musk says long-term saving is 'pointless' as he touts a future of abundance

All Content from Business Insider·Theron Mohamed·about 6 hours ago
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Elon Musk is the CEO of Tesla and SpaceX. Apu Gomes/Getty Images

Elon Musk says it's not worth saving for the long term, as nest eggs won't matter.

"Saving money for the distant future is pointless with the advent of super intelligent abundance ," Musk said in an X post on Thursday, doubling down on one of his most polarizing predictions.

The Tesla and SpaceX CEO was replying to a user who said they weren't stressing over their "questionable financial decisions" because a future of abundance meant "most of it won't matter in a few years anyway."

@battleangelviv Saving money for the distant future is pointless with the advent of super intelligent abundance

— Elon Musk (@elonmusk) October 29, 2026

The world's richest person — who has a nearly $1 trillion net worth — has previously advised against saving for decades to come.

"Don't worry about squirreling money away for retirement in 10 or 20 years," Musk said during a podcast episode released in January.…

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