Elon Musk says saving money for the distant future is “pointless,” arguing that advances in AI will produce broad abundance and reduce the economic role of traditional currency. He connects this to lower production costs enabled by automation and robotics, suggesting that wealth and income could be widely available in a more technologically transformed economy.

Multiple outlets report that Musk’s view includes the idea that unemployment pressures from automation may be offset by a future in which many people receive high incomes. While the outlets vary in wording—some emphasize “super intelligent abundance” and others frame it as AI creating wealth equality—the core message is consistent: Musk expects a future economy shaped by AI where conventional long-term personal finance may matter less.