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Aristotle is reputed to have said "show me the child and I will show you the man," or words to that effect. Now a pair of business school academics are suggesting something similar: that there is a relationship between a child’s cognitive ability and his or her finances as a grown-up. The link varies depending on the financial measure, however, and there is no "one size fits all" outcome, according to the researchers, Joe Gladstone of the University of Colorado and Jenna Adriana Maeve Barrett of Maastricht University. Higher cognitive ability was associated with better scores on measures such as savings and investment account ownership. Such relationships appear to be linear for most people but non-linear for those with either exceptionally high or low cognitive ability.
The relationship between cognitive ability in childhood and financial wellbeing in adulthood varies for different financial measures-;such as savings levels versus having debt-;per a new analysis of nearly 6,000 people.
The relationship between cognitive ability in childhood and financial wellbeing in adulthood varies for different financial measures such as savings levels versus having debt – per a new analysis of nearly 6,000 people. Joe Gladstone of the University of Colorado, Boulder, US and Jenna Adriana Maeve Barrett of Maastricht University in The Netherlands present these findings in the open-access journal PLOS ONE on June 7, 2023.