Elon Musk, the 2026 Forbes richest man with a net worth of $868 billion, posted on X that saving money is pointless because super‑intelligent abundance will render it obsolete, saying the future will make money irrelevant.
The tweet, issued on October 29, 2026, sparked a flurry of derision from followers, with many pointing out the irony of a trillion‑dollar billionaire telling the public not to save.
Financial analysts warn that Musk’s rhetoric could undermine confidence in traditional savings and investment vehicles, as they note that an AI‑driven economy may still require some form of capital allocation.
In the words of a small family in Bengaluru, who rely on a modest retirement plan, the idea of abandoning savings feels like a threat to their future.
A panel of economists and technologists will convene on December 15 at the Indian Institute of Technology to debate the practical implications of super‑intelligent abundance on personal finance.