Smarter people are no better off

Contrary to common expectation, intelligence does not always predict financial wellbeing. Even though smart people earn more, on average, it does not protect them from financial difficulty.

New research has found that people who score higher on intelligence tests end up with the same net worth as others when lifestyle factors are taken into account. And the study confirms that you don't have to be smart to be wealthy. Full Story »

Posted by Kaizar Campwala
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Subjects: Business, Sci/Tech, Living
Topics: Biology, Money
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Posted by: Posted by Kaizar Campwala - Apr 25, 2007 - 9:46 AM PDT
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Kaizar Campwala
3.5
by Kaizar Campwala - Oct. 1, 2008
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Jami Dwyer
3.1
by Jami Dwyer - Oct. 1, 2008

Interesting study, but some concerns with both study and article. Sloppy wording. "Smart people"= people who did well on a single military test. Being "better off"=high net worth. The financial self-reporting aspect of the study is troubling. Some groups might be more out of touch with their financial reality than others. And participants were apparently taking military recruiting tests at age six. Doesn't ring true -- some sort of mistake?

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