Brain is no ticket to bucks

Read this first occay. Banyak story mak nak share but time is really limited. till then

Mark Henderson
April 26, 2007

A GREAT mind does not always make for a great bank balance, according to research that suggests the richest people are no cleverer than the rest of us. Scientists in the US have found that while average incomes tend to increase with IQ scores, intelligence has little to do with absolute wealth.
A high IQ also offers no protection against falling into heavy debt or other kinds of financial mismanagement. The very brightest are more likely to have money problems than those who are slightly above average intelligence.

The findings, from a team at Ohio State University, could reflect that many of the biggest fortunes are not amassed through steady accumulation of high salaries, but by means that are not influenced heavily by academic intelligence. Most of the richest people in Australia are not salaried, but have amassed their fortunes as entrepreneurs or by inheritance.

The research, led by Jay Zagorsky, has not yet examined in detail why IQ seems to be linked to income but not to wealth, though early indications suggest that differences in saving may be part of the answer. "People don't become rich just because they are smart," Dr Zagorsky said. "Your IQ has really no relationship to your wealth. And being very smart does not protect you from getting into financial difficulty."

In the study, published in the journal Intelligence, Dr Zagorsky examined 7403 Americans who had been interviewed repeatedly since 1979. They were asked if they had ever reached their credit card limit, been declared bankrupt or missed paying bills for financial reasons. IQ was linked to income, with each extra IQ point worth between $US202 ($244) and $US616 a year. The average annual income difference between a person with a normal IQ, of 100, and a person in the top 2 per cent, with an IQ of 130, was between $US6000 and $US18,500.
The Times