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Allan Schwartz, Ph.D.Allan Schwartz, Ph.D.
Dr. Schwartz's Weblog

So, Ya Think Yer Smart, Huh?

Allan Schwartz, LCSW, Ph.D. Updated: May 2nd 2007

I just found an interesting article that I found somewhat humorous and interesting. It seems that a nationwide survey was done on the connection between wealth and intelligence. The research was done by Ohio State University Department for Human Research Development.

If you are not aware, there is a difference between wealth and income. Income is the amount of money an individual earns on a yearly basis. However, wealth it the total number of valuable holdings possessed by a person. For instance, wealth includes such things as property owned, overall savings, amount of jewelry owned, stocks and bonds invested in and other such items that cause income to increase and make life easy for the owner.

According to the study recently completed those with high IQs earn a good deal more money as compared to those with lower IQs. Not so fast: do not draw any conclusions yet!!

Those with higher IQs have much less wealth than those with lower IQs. Why? It seems that having a high intelligence score does not guarantee that you know what to do with your yearly earnings. In fact, those of us who are very smart spend too much, have maxed out our credit cards and are up to our ears in debt. But, those of us who are not so smart (here comes the good part) know how to save our money and investment in ways that make for really cushy retirements.

So you see, just 'cause ya ain't so smart does not mean that yer handicapped. Wow, the great equalizer.

Seriously, the major point is to not take yourself for granted, not become hopeless and depressed, not compare yourself unfavorably to anyone, but use common sense with regard to what you earn, regardless of how much or how little it is.

Intelligence testing is important for such things as placing children in the appropriate classes where their learning experience can be maximized and their needs met. It is not used for such things as limiting anyone's horizons or possibilities of success.

Allan Schwartz, LCSW, Ph.D.

Readers who live in the Boulder, Colorado metro area, or in Southwest Florida may contact Dr. Schwartz for face-to-face consultation. He is also available for psychotherapy through Skype video for those who are not in Florida or Colorado. He can be reached via email at for details.

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