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.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.(more ...)