IQ Doesn't Impact Wealth

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Diverts

IQ Doesn't Impact Wealth

April 26, 2007 12:45 PM
From BusinessFinanceLink, Issue #398

Smart people aren't wealthier than the rest of the population, according to a new study. Wealth is a measure of the difference between a person's assets and debts, and while individuals with high IQs frequently earn more than the average joe, they are just as likely to run into financial difficulties like bankruptcy and credit card debt. Jay Zagorsky, author of this study and a research scientist at Ohio State University's Center for Human Resource Research, summed up the results by saying, "Intelligence is not a factor for explaining wealth. Those with low intelligence should not believe they are handicapped, and those with high intelligence should not believe they have an advantage."