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Culture War Roundup for the week of March 11, 2024

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Zagorsky pointed out that “people with above-average IQ scores are only 1.2 times as likely as individuals with below-average IQ scores to have a comparatively high net worth,” which means, “relatively large numbers” of people with low IQs are rich.

IQ is a bell curve, which means there's a lot more people in the middle than the ends. So that figure is greatly influenced by the mass of people near the center of the bell curve; that is, a randomly selected person is most likely (by a factor of more than 2:1) to be within 1SD of the median. It speaks to the strength of the correlation that, even considering that, a randomly selected person in the top half is 20% more likely to have high net worth than a randomly selected person in the bottom half.

Zagorsky said “the average income difference between a person with an IQ score in the normal range (100) and someone in the top 2% of society (130) is currently between $6000 and $18,500 per year,” or roughly on average just $12,000. That isn't actually a lot.

$12,000 is indeed a lot, if the median is $40,000.

“People with above-average IQ scores (> 100) are three times as likely as below-average IQ individuals to have a high (> $105,000) income,” that describes almost no one (only 10% of individuals earn so much), and all one needs to have so good a chance at that is any above-average IQ.

10% is not "almost no-one" and that claim does not mean "all one needs to have so good a chance at that is any above-average IQ"; that is, it does not mean that someone with an IQ of 101 is as likely to have a > $105,000 income than someone with an IQ of 120. And further, note that these graphs left off the "very rich".