http://www.newscientist.com/article/dn11711-smarter-people-are-no-better-off-.html
Smarter people are no better off
12:16 25 April 2007
NewScientist.com news service
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.
The work reveals that while exceptionally smart individuals
typically earn more, they are also more likely to spend to their
credit card limit, compared with people of average
intelligence.
.........
People who had divorced once had about $9600 less wealth on average
than their never-divorced counterparts. And those who smoked
heavily had an $11,000 reduction in net worth. These external
factors rather than IQ could explain the differences in wealth,
Zagorsky suggests.
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