Elon Musk says AI-driven abundance will render money obsolete by 2036

Elon Musk AI abundance money irrelevant 2036 retirement savings

Elon Musk told The Economist that advances in artificial intelligence and humanoid robotics will generate goods and services at a scale that far exceeds human consumption. He predicts this super‑abundance will make money largely irrelevant by 2036 and turn work into an optional activity. Musk also warned that AI is expected to surpass overall human intelligence within five years, leading to a shift from inflation to deflation as production costs near zero.

In a related interview, U.S. Treasury Secretary Scott Bessent backed Musk’s outlook, stating that Americans may not need traditional retirement savings once AI‑driven abundance removes scarcity. Bessent cited the 2026 Social Security Trustees Report, which projects a 22 % benefit cut affecting about 63 million retirees if the trust fund depletes by 2032, underscoring the policy relevance of the discussion.

Entities

Artificial Intelligence · Artificial intelligence · Cybertruck · Elon Musk · Humanoid Robotics · Optimus robot · Scott Bessent · SpaceX · Tesla · Tesla Inc. · The Economist · United States

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Musk predicts that money will lose most of its significance by 2036 because of AI‑driven abundance. www.bitcoinbazis.hu
[○ 1 SOURCE] Elon Musk said that artificial intelligence will soon make humans powerless. www.in.gr
[○ 1 SOURCE] Musk says that AI could lead to a world of abundance where money becomes largely irrelevant. www.sigmalive.com
[● 8 SOURCES] Elon Musk expects artificial intelligence will surpass human intelligence within five years. www.sigmalive.com · americanbazaaronline.com · www.eldiario24.com · www.bitcoinbazis.hu · mendozatoday.com.ar · +3 more
[○ 1 SOURCE] Musk expressed concern that AI could eventually take control of the world. www.in.gr
[○ 1 SOURCE] Musk warned that societies are unprepared for the rapid advancement of AI. www.in.gr
[● 2 SOURCES] AI and humanoid robots will be able to produce goods at massive scale, reducing production costs to near zero. www.bitcoinbazis.hu · www.sigmalive.com
[○ 1 SOURCE] Musk envisions a future universal high‑income system that reduces the role of cash. www.bitcoinbazis.hu
[● 2 SOURCES] Elon Musk predicts that AI and robotics will generate enough goods and services to make money largely irrelevant before 2036. americanbazaaronline.com · www.eldiario24.com
[○ 1 SOURCE] Musk claims AI will surpass human intelligence within about five years. www.eldiario24.com
[○ 1 SOURCE] The 2026 Social Security Trustees Report projects the trust fund will deplete in 2032, triggering a 22 % benefit cut affecting about 63 million retirees unless Congress acts. www.rawstory.com
[○ 1 SOURCE] Musk warns humanity may lose control of society to AI by 2036. americanbazaaronline.com