How financial insecurity sinks American IQ scores

Being on shaky financial footing is making Americans dumber.

  • Not being able to pay your bills has the functional equivalent of lowering your IQ by 13 points. Many Americans have scarcity mindsets because of their inability to pay their bills.
  • In a scarcity mindset, your functional bandwidth decreases — it influences you to be less generous and less reasonable.
  • The opposite of a mindset of scarcity is a mindset of abundance, which is what many entrepreneurs have. Abundance mindsets tend to build on to themselves if the environment is right.
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