Smart People aren’t Rich
Thu 03 May 2007 – 9.40
*sigh*
Alas, what I have been suspecting since I began Univeristy way back in 1999, Scientific American has concluded that a higher IQ, and more intelligence, doesn’t automatically bring you a higher degree of wealth. While there is a trend between income and intelligence (I would hope so), the trend dies when concerning Net Worth, savings and other measures of overall wealth.
For example, a person with an IQ of 130 earns between $6,000 and $18,500 more per year than a peer of lesser intelligence. But this higher yearly income did not translate into higher wealth. In fact, people with slightly above average intelligence (105 IQ score) had an average net worth higher than those just a bit smarter (110 IQ). “There are some very smart people who get into financial difficulties,” Zagorsky notes. “Even smart people don’t save.”
posted by Scott in careers, education, personal finance.
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