Great line from Forrest Gump. Now here‘s a bit of stupidity to chew on — “Smarter people are no better off”.
You heard that right. Check out the “logic”:
On the surface, Zagorsky’s analysis confirms the findings of previous studies linking higher intelligence with higher income. “Each point increase in IQ test scores is associated with $202 to $616 more income per year,” he says. For example, a person with a score of 130 (in the top 2%, in terms of IQ) might earn about $12,000 more per year than someone with an average IQ score of about 100.
On the surface, people with higher intelligence scores also had greater wealth. The median net worth for people with an IQ of 120 was almost $128,000 compared with $58,000 for those with an IQ of 100.
But when Zagorsky controlled for other factors – such as divorce, years spent in school, type of work and inheritance – he found no link between IQ and net worth. In fact, people with a slightly above-average IQ of 105 , had an average net worth higher than those who were just a bit smarter, with a score of 110.
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.
- Choose to stay in school… learn useful skills… choose a good career… earn more money!
- Choose spouse more wisely… less likely to divorce… less likely to have to support two households and two divorce lawyers… keep more money!
- Choose not to smoke… don’t spend $5 per day on cigarettes… save extra $1825 per year… that $11,000 comes in just six years!
So the reason smart people are better off is not because they are smart, but because they do less stupid shit.
Does it never occur to these “researchers” that smart people stay in school longer because that’s what they are good at? Does it never occur to them that smart people choose more lucrative careers because they can, and stupid people can’t? Does is never occur to them that smart people choose their spouses more wisely because they have the intellectual capacity to make better choices? Does it never occur to them that smart people save more because they have more self-control?
Apparently, the researchers are too stupid to figure out that smart people do less stupid shit because they are not stupid shits.