* <<F5V.0656>> Post this to Jesse at some point:

I don't have access to the article through my libraries, but I did
find a summary in The Wilson Quarterly:

-----------

THE SOURCE: "Do You Have to Be Smart Rich? The Impact of IQ on
Wealth, me, and Financial Distress" by Jay L. Zagorsky, in
Intelligence, Sept.-Oct. 2007.

IT'S NOT NECESSARY TO BE smart to be rich, but it sure helps. Every
additional IQ point correlates with an additional $234 to $616 a year
in income among younger baby boomers, writes Jay L. Zagorsky, a
research scientist at Ohio State University. But brains don't
necessarily protect people from financial distress.

People with IQ scores slightly higher than the average (100) are
least likely to live beyond their means. Within both the
below-average and above-average intelligence groups, however, the
likelihood of financial distress generally rises with IQ scores.
Geniuses and near-geniuses--those with scores of 140 and above--are
the most likely of all IQ groups to max out one or more credit cards
and to miss payments or be more than two months late. They're less
likely to declare bankruptcy than the average person, though 14
percent of them do succumb.

Intelligence alone doesn't explain why individuals succeed or fail in
economic life. Behavior matters. For every additional year a person
can grind out in school (beyond a certain point), the reward is more
than $2,200 in net worth. Divorce slashes worth by more than $28,000.
The real explanation for economic success may well rest on
psychological factors, such as a person's desire for immediate
satisfaction, tolerance of risk, or ability to reject social
influence, Zagorsky says. And don't discount luck, timing, and
parents.

IQ and Finances

| IQ score | Maxed credit card (%) | Missed payment (%) | Declared
bankruptcy (%) |
|       70 |                   2.6 |                7.6 |
       7.9 |
|       80 |                   7.6 |               14.2 |
      15.2 |
|       90 |                  10.0 |               17.9 |
      20.0 |
|      100 |                   8.3 |               17.6 |
      20.7 |
|      110 |                   5.8 |               15.5 |
      18.5 |
|      120 |                   4.6 |               13.8 |
      15.7 |
|      130 |                   5.7 |               14.1 |
      13.9 |
|      140 |                  14.2 |               18.8 |
      14.1 |
|          |                       |                    |
           |

In a comparison among 40-year-olds making $45,000, higher IQs often
meant more financial problems.

"Brainpower and bankruptcy." The Wilson Quarterly 32.2 (2008): 83.
Academic OneFile. Web. 31 May 2015.

-----

R.I.P. Aaron Swartz.

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