Are rich people smarter than the rest of us? If you're rich or wanna be rich, you may want to check this out. A briefing from Futurist Chet W. Sisk
The short answer to this enduring question is no. Rich people aren't inherently smarter than the rest of us, but they have more proximity to money. That is, they have more access to the tools that create material wealth in society. Some would argue that being in proximity to money is the thing that makes rich people smarter than us. Let's look at that....
Structural racism and classism can support incompetent rich people while suppressing really smart poor people. Systems that support material wealth don't necessarily coincide with systems that support smart decision makers.
Rich people, on average, are luckier than many other people, and there's math to prove it. Even more, that luck is enhanced if you're born in the right country that puts a high premium on material gain, with the right infrastructure and with the right social mobility tools. This throws a wrench into the idea often championed by motivational speakers that everyone has the same chance at being rich...it's just your thoughts that set you apart. Thoughts increase the odds, but support, infrastructure and luck make all the difference....
Something called "Survivorship Bias" can fool us into believing that if we simply follow a model set by a particular rich person, we too will be rich --- something often pitched by the latest best-selling book. The reality is that becoming rich or super rich is much more random and not necessarily based on being smart or following a model.
And measuring your intelligence based on your income (be you rich , or not so rich) is also false reasoning......
There is no support for the idea that rich people are inherently smarter, collectively, than everyone else. This is important because of the trending idea they are. This key understanding can help us make better leadership choices, knowing that the rich are not necessarily better decision makers than the rest of us.
The magic that rich people have in American society is not more brains than the average person, but more proximity to wealth than the average person.
Chet W. Sisk is an author and one of the world's leading Social Futurists. He is also expert on the current world paradigm shift. Find out more about him and the LEAD Global Team at www.leadtheshift.com or you can write him directly at firstname.lastname@example.org