ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Children with this one quality are more likely to make money and succeed in life, finds study

A 40-year study published in the journal Developmental Psychology has answered the age-old question
PUBLISHED JUL 20, 2024
Cover image source: Unsplash | Photo by Allen Taylor
Cover image source: Unsplash | Photo by Allen Taylor

Growing up, all everyone ever said was to study hard, follow the rules, and work within the rules to succeed in life. However, some argue that the backbenchers who defied the rules and went against the tide will turn out to win in life. Thus, the question remained, who does better in life? A 40-year study published in the journal Developmental Psychology answered the age-old question in 2015. 

Representative image | Unsplash | Photo by Austin Pacheco
Representative image | Unsplash | Photo by Austin Pacheco

The data for the analysis was taken from a Luxembourg MAGRIP Study, which assessed about 3,000 sixth-graders in Luxembourg in 1968. At the time, MAGRIP recorded information on the children's family background, socioeconomic status, IQ, and academic achievements, among other metrics. It also recorded the student's ratings of the level of studiousness and willingness to learn, provided by their teachers. 

Decades later, new research was performed which followed up with 745 people from the study. The new team compared their educational and occupational success across 40 years of their lives while taking their traits like IQ in school into consideration. They examined how the potential traits of the children at school turned out to be in terms of the career choices they made and their income.

Unsurprisingly, the analysis found that those students who were rated as responsible and studious by their teachers turned out to be high achievers in life. However, astonishingly, the students who were considered to be naughty and the rule breakers turned out to be high earners among the two groups.  

Representative Image | Unsplash | Photo by Razvan Chisu
Representative Image | Unsplash | Photo by Razvan Chisu

As per an IFLS report, the authors of the papers suggest that the rebellious kids may have grown up to become high earners as they could have stood their ground better than their more agreeable peers. People who stand up for themselves can negotiate better salaries and be more demanding at critical junctures of life. 

On the other hand, the authors can't discard the fact that the rebellious kids may have changed their behavior later in the future. 

Furthermore, the authors also suggested that rule breakers earn more because they value competition. Such people worry less about getting along with others and put their interests first.

However, the authors couldn't rule out the fact that some of the high-income earners could have been unethical in life. But the study didn't find any evidence of participants engaging in such behavior, as per a report from Psychology Today. 

Several other studies tend to support the that being rebellious has an advantage in life. A 2012 study published in the Journal of Personality and Social Psychology, found that agreeableness was more negatively correlated with income, especially for men. 

Furthermore, in the book “Barking Up the Wrong Tree,” author Eric Barker explores how valedictorians rarely become millionaires or stand-out successes. 

The author once told CNBC that while valedictorians do great in life and hold prestigious jobs, they rarely become people who change the world or billionaires. 



 

Barker drew his analysis from the research conducted by Karen Arnold, a professor at Boston College. In her report, “Lives of Promise: What Becomes of High School Valedictorians” she tracked 81 high school valedictorians and salutatorians after graduation. Her analysis found that about 90% of the subjects proceeded to have good careers with 40% landing a job in the highest tier. However, none of them turned out to be changemakers. 

“Valedictorians aren’t likely to be the future’s visionaries. They typically settle into the system instead of shaking it up,” Arnold wrote.

MORE ON MARKET REALIST
The contestant was feeling good about his chances but ended up with nothing.
1 hour ago
Several large-scale projects will be undertaken as part of the deal.
1 hour ago
Stuart Russel says companies are playing Russian Roulette with humans, and governments should step in.
1 hour ago
Healthcare providers cited rising costs and denied reimbursements as the reason for the shortfalls.
4 hours ago
The affected products have been recalled as the FDA conducts a full-scale investigation.
6 hours ago
The customer had to fight for the product that she was willing to purchase.
7 hours ago
“It’s, I think, the worst paper I’ve ever seen in the history of the Federal Reserve system," Hassett stated.
7 hours ago
The case is notable as it shifts focus from content responsibility, protected under Section 230 of the Communications Decency Act.
8 hours ago
Vance has had varied opinions about the technology in the last year, some good and some bad.
1 day ago
The studio audience loved the segment as they cheered the two on whole-heartedly.
1 day ago
While Warsh compared the current situation with the internet boom, economists differ on the opinion.
1 day ago
He suggested some changes to be made to the 401(k) scheme to help Americans save more.
1 day ago
The retailer reverted to a traditional method of doing retail business, which many have hailed.
1 day ago
Costco's notice comes several days after the gift card provider filed for bankruptcy.
1 day ago
Industries that are susceptible to automation include manufacturing, lodging, catering, retail, wholesale, and extraction.
1 day ago
The man in question even went on national television to criticize exactly what he ended up doing.
2 days ago
The country had added 130,000 jobs in January and inflation remained at 2.5%.
2 days ago
Harvey says chitlins are the reason he can “never get COVID.”
2 days ago
The administration has been urged to roll back their policies and lower costs for tourists.
2 days ago
The product might contain a toxin that is produced by mold in fruits, especially apples.
2 days ago