[ColanR]

To me it falls in a similar category as how highly intelligent people are less likely to be overweight. I think that with intelligence comes a better sense of how to control oneself. Ever seen the stats on how often lottery winners end up going broke? Not that many people have the capacity and knowledge to control their emotions with their reason. Being wealthy is not a question of making money, it's a question of keeping it.

[david927]

This is the type of statistic that embarrasses statistics. How many of those rated "highly intelligent" (I would be fascinated on how they measured that!) were in an elevated economic group and so now we're reduced to tautology.

Lottery winners have had no experience in managing wealth, often have had years and decades of being impoverished and wishing for products like jewelry that was always out of reach, and then they get inundated with money. They found that who marshmallow experiment was literally kids who have their needs met aren't rushing to consume what's in front of them and that patience pays off.

You're not making any argument here other than when you're born wealthy you're more likely to be wealthy, and that we know.

[s1artibartfast]

I'm genuinely curious what point you are getting at. It seems like you are agreeing with the parent post.

>How many of those rated "highly intelligent" (I would be fascinated on how they measured that!) were in an elevated economic group and so now we're reduced to tautology

>They found that who marshmallow experiment was literally kids who have their needs met aren't rushing to consume what's in front of them and that patience pays off.

Yes, this is what they are saying. There are traits that rich people have that seriously help them maintain and acquire wealth.

[jimnotgym]

This is all much easier if you grow up wealthy. If you start life with a trust fund and people around you who know how to manage wealth, you have a huge advantage

[nugget]

Many children of the UHNW families I know are raised by a rotating cast of nannies and emotionally neglected by their parents. It's heartbreaking to watch the psychological damage being done. Given a choice for my embryonic self I'd choose an upper middle class couple with high degrees of empathy, one mostly stay at home parent and an obsessive focus on curiosity, knowledge, and self-education.

[philwelch]

Sometimes you develop a crippling drug addiction and go bankrupt.

[yunohn]

If you’re going to use that example, surely you’ve heard of “wealth barely lasts 3 generations”? Surely smart gene rich people could sustain it indefinitely?

More - https://www.nasdaq.com/articles/generational-wealth%3A-why-d...

[throwaway_4ever]

No because "smart" genes don't sustain. Like 50% is volatile noise. So that would actually line up. I.e. Two 150 IQ don't have a 150 IQ on avg. They have a 125 IQ, and then the two 125 IQ have a 112, and the two 112 IQ have a 106 and voila.