Elon Musk says long-term saving is 'pointless' as he expects a future of abundance
"Saving money for the distant future is pointless with the advent of super intelligent abundance," Elon Musk wrote on X.
Tesla and SpaceX CEO Elon Musk has stated that saving for the long term is pointless as he anticipates a future of abundance driven by super intelligent technology. In an X post, Musk expressed that saving for retirement will be irrelevant if his predictions about the future prove accurate. He explained that with the advent of super intelligent abundance, a multiplanetary economy, and advances in robotics and space travel, money and conventional currency will become irrelevant.
Musk expects progress in AI, energy, and robotics to supercharge productivity, leading to an abundance of resources, better medical care, and access to knowledge for free. In essence, Musk believes that in this future world, everyone will have access to whatever they desire, rendering the concept of saving for the distant future obsolete.
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