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Post Reply Are Rich People Smarter?
ghptus 
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18 / Jersey
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Posted 7/28/17
As a generalisation this happens. There will always be examples of where the pattern doesn't fit. But the given potential of a person is party determined by what they have inherited from their parents. so as a general people who have smarter parents are going to be more intelligent than people who don't
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M / Australia
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Posted 7/28/17
I think that this is a yes and no answer.
Of course some people are rich because they are smart and intelligent. Some are smarter due to education, some due to putting in the effort and willingness to learn, some because they have seemingly natural abilities, some due to luck, some are born into it, etc.
I mean some get rich from being really good at gambling, like playing poker for example, some from playing sport, some through making music.
Obviously some athletes and some musicians are not "smart" as far being super intelligent.

What about rich criminals? i mean yes, they actually are pretty smart, the ones at the the top running the show. A different type of smart. "street smarts?"
Gift of the gab, intimidation, the power to brainwash and manipulate and control people. All are a form of smart.
Religion is another example. Extreme wealth made by controlling others.

Some people are just smart with their money also. They budget and save and use their money wisely. They end up owning multiple homes and/or a business and things like that so i'd say that yes they are smarter than people who dont do that.
But they're not just smart but patient, discipline, maybe tight arses, etc.


But you cant tell me that football players and boxers are geniuses.





Ejanss 
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Posted 7/28/17 , edited 7/28/17

riverjustice wrote:

And rich people give birth to...okay, how about "Paris Hilton" and "Donald Trump Jr." as simple answers?


Why are people using anecdotal evidence rather than empirical evidence?


Because we're in the Rebellion--Down with Imperial evidence!
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22 / M / Quebec, Canada
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Posted 7/28/17
Yes. That's how the earned and kept their wealth.
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25 / M / USA
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Posted 7/28/17 , edited 7/28/17
Well, let's talk a bit about intelligence. There are samples of people where variation in IQ is significantly more dependent on environmental factors versus genetic. Particularly, it was Eric Turkheimer that found the heritability of IQ is largely dependent on socioeconomic status. This means that in the poorest the variation of intelligence was largely accounted for by the shared environment, however in more affluent families the very opposite was true. What this entails is that living on less than, say, $35,000 a year impacts intelligence quite negatively. However, living on anything above that, whether it be $70,000 or $500,000 makes little to no difference in people's intelligence.

When the environment is stable and relatively consistent, what matters more are genetics. Additionally, the older one is the less family predicts a person's IQ. This is because the environment of a child is generated by others--an adult shapes their own. The environment is not inflexible. Keep in mind that intelligence often takes the form of appetite rather than aptitude. Genes predispose people to seek out experiences that reward them. Genes are agents of nurture and act as a multiplier of rather acute genetic differences. It is genetics that pushes individuals to the experiences that reward them--be it books or practicing sports.

That being said, it is not always the case the credentials or qualifications that best reflect the IQ of people. This is especially true for the wealthier who often have more access to upper education courses.

Any statistics on the matter cannot differentiate the intelligent that are rich and the intelligence bred by riches. The problem with the idea that individuals are rich due to genetically predisposed intelligence makes the assumption that the intelligent will seek out wealth or will be wealthy based on their talented pursuits--but this is quite a claim. There are individuals with high intelligence that pursue, avidly unmarketable interests or intellectual pursuits. Additionally, there many clever individuals that are motivated to live a comfortable lifestyle and nothing more--preferring to have time to pursue their hobbies or academic toils. Certainly, there are also the types that seek knowledge and forgo striving for more financial reward.

All that being said, it is quite possible that there are more intellectually gifted among the most affluent--especially in the STEM fields (although the difficulty of social marketing oneself may be to the detriment of some). However, the same not always hold true for other fields that are less financially desirable. Additionally, keep in mind, less intellectual pursuits may earn more based off a marketable skill.

To finally answer the original question, no, the correlation between intelligence and wealth is quite poor. However, the correlation between income and intelligence has some amount of credibility. Now, that being said, making more income is not necessarily conclusive of it being a result of some predisposed genetic advantage for intellectualism instead of through a wealthy environment and education for the reasons I've mentioned above.

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41 / M / California
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Posted 7/28/17
NO! Just look at all the rich people that blew their money. Athletes and musicians that are broke are a prime example
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30 / M / Atlanta, GA, USA
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Posted 7/28/17
Yeah, the rich are smarter. I mean, the bar wasn't set very high. They can be pretty dimwitted at 110 IQ and still be considered above average.

Obviously, the geniuses are outliers whether they're rich or poor.
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18 / M / Valhalla
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Posted 7/28/17

zangeif123 wrote:

The ability to acquire wealth doesn't correlate to ones intelligence or IQ.

I'm sure there's plenty of poor geniuses out there.


^^^
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21 / FL
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Posted 7/28/17
answer

yes
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22 / M
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Posted 7/28/17
One might argue that IQ correlates with conventional success and higher wages but then there's evidence to show that high scorers on IQ tests on average try harder on them than the other people(Angel Ducksworth's experiment). If you promised a person monetary rewards if he scores high, the average person scores 20 points higher(huge!) while the people who score higher by default do not go up as much, if at all since he's already trying his best. Those people who try harder all the time would reasonably make higher wages in life. Studies on 4 year old kids' abilities to perform self-regulation and keep themselves from eating while hungry for a certain period of time also apparently predicts things like educational success better than IQ does. Apparently, motivation mechanisms are important either way.

I feel like we're not going to agree on what intelligence even is. Fullscale IQ certainly does not account for prodigies especially art prodigies who may have photographic memory and godlike learning speeds that a 170 IQ person would drool over yet have IQs averaging between 100~120. Oddly enough, their average spacial reasoning capability is 88 which is below average... despite dealing with space in their professions. Researchers think that the holistic reasoning used in IQ tests is at odds with the excessive attention to detail that art prodigies show.
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M / Australia
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Posted 7/28/17

zangeif123 wrote:

The ability to acquire wealth doesn't correlate to ones intelligence or IQ.

I'm sure there's plenty of poor geniuses out there.


Yeah true. I've actually known some incredibly intelligent people who never made any use of that intelligence. They were so smart in some ways but stupid in others and genius is often hand in hand with madness.
Thin line between being a genius and a insanity. So it would seem.



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Posted 7/28/17
"Rich" is a relative term; we live like kings and queens compared to over a billion people in the world who are born, live and die in abject poverty.
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21 / M / Oppai Hell
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Posted 7/28/17
I have heard of pretty intelligent people being raised in a wealthy environment, as well as incredibly stupid ones. Jared Kushner was born wealthy, was supposedly let in due to a generous donation to Harvard by his parents, but while he is out of the spotlight, he was one of the major reasons Trump won the presidency, and having heard his usage of targeted advertising, use of data to seek out vulnerable states, and other usage of deft skill in negotiations and such, it seems that he is much more intelligent than the average person.

Versus someone such as a certain Youtube millionaire, who essentially does stupid shit. He was born wealthy, but even without it, the number of views he gets is estimated to be at least 1-2 million a year. At least.

Then there is Danielle Bregoli, who is a "self made" millionaire at...14, 15 years old. To give you an idea of what she is famous for, watch this video.

https://youtu.be/nkMUMroTcTg

There is a well known saying here, the more capital you have, the more you can make. Obvious enough, but consider the difference between turning 1 dollar into a 100 and turning a million into several million. More options exist for higher wealth. People with wealth often tend to propagate it to their children, who may end up turning a profit. They have more to start out with.
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22 / M / Somewhere to my l...
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Posted 7/28/17
Wouldn't say *all* rich people are smarter.

If we're talking intelligence, there are some who used their skills to get their wealth. Others were just born into money.
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36 / M / Quebec
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Posted 7/28/17
I could have more money each weeks, but I'm so lazy...
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