{
  "id": 17119609,
  "title": "Elon Musk, Who is Hoarding Nearly a Trillion Dollars, Says Saving Money Is “Pointless”",
  "url": "https://urgent.news/2026/10/29/elon-musk-who-is-hoarding-nearly-a-trillion-dollars-says-saving-money",
  "topic": "world",
  "section": "World",
  "published": "2026-10-29T20:26:15.000Z",
  "source": {
    "name": "Futurism",
    "slug": "futurism",
    "url": "https://futurism.com/future-society/elon-musk-saving-money-pointless"
  },
  "original_language": "en",
  "account": "Elon Musk, a man with an estimated net worth surpassing $900 billion, recently shared his thoughts on saving money on his social media platform X. Musk claimed that \"saving money for the distant future is pointless with the advent of super intelligent abundance.\" His tweet reveals a stark contrast between his professed beliefs and his actual philanthropic efforts. While Musk has few charitable initiatives, his Musk Foundation has been criticized for its opaque structure and funding of organizations with close ties to his businesses. The foundation failed to disburse its minimum required funds in 2023 by a margin of $421 million. Musk's latest rant about saving money is a stark testament to his disconnection from reality, as he has repeatedly claimed that AI will bring about \"abundance\" for everyone. In the past, Musk has suggested that \"it won't matter\" to save for retirement as AI will drastically change the future.",
  "summary": "Because of AI, of course. The post Elon Musk, Who is Hoarding Nearly a Trillion Dollars, Says Saving Money Is “Pointless” appeared first on Futurism .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}