Wednesday, May 02, 2007

You Don't Have to Be Smart to Be Rich, Study Finds

Source: Ohio State University

It doesn’t take a rocket scientist to make a lot of money, according to new research.

A nationwide study found that people of below average intelligence were, overall, just about as wealthy as those in similar circumstances but with higher scores on an IQ test.

Furthermore, a number of extremely intelligent people stated they had gotten themselves into financial difficulty.

“People don’t become rich just because they are smart,” said Jay Zagorsky, author of the study and a research scientist at Ohio State University’s Center for Human Resource Research.

“Your IQ has really no relationship to your wealth. And being very smart does not protect you from getting into financial difficulty,” Zagorsky said.

The one financial indicator in which the study found it paid to be smart was income: those with higher IQ scores tended to get paid more than others.


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