Comment on How the rich get richer (2020)parentComments−pmorici3yIn the US, where the majority of wealth is self made and not inherited, I’d guess that it is a function of IQ. Smarter people just make better decisions with their money on average.Edit: for those that doubt [0][0] https://www.sciencedirect.com/science/article/abs/pii/S01602...−shmageggy3yFrom the abstract of your link:Regression results suggest no statistically distinguishable relationship between IQ scores and wealthStop spreading dangerous myths.−pmorici3yIt says that earnings are correlated with iq.−deterministic3yThere is zero correlation between IQ and wealth.
Comments
In the US, where the majority of wealth is self made and not inherited, I’d guess that it is a function of IQ. Smarter people just make better decisions with their money on average.
Edit: for those that doubt [0]
[0] https://www.sciencedirect.com/science/article/abs/pii/S01602...
From the abstract of your link:
Stop spreading dangerous myths.
It says that earnings are correlated with iq.
There is zero correlation between IQ and wealth.