About being famous, Iggy told Pitchfork,

Yeah, you lose certain things, and you want some money. I mentioned in “ATM”, the older you get, the more you want. It may just be in my life. When I was very young I never thought about it except in the most basic way, like, “Will I have fifty bucks Sunday night after playing the weekends so I can get a gin fizz and buy a bag of weed, pay the rent”? That was all I really wanted. It’s a little different now. I try to keep my feet on the ground. That’s tricky.

Though a bit cryptic, this song laments what the singer has done to make money and his dependency on a lifestyle that necessitates acquiring more money despite his moral qualms about materialism. Ultimately, the narrator finds chasing the dollar bill leads to feeling trapped hanging out at an ATM.