Money matters (especially if you are good at math): Numeracy, verbal intelligence, education, and income in satisfaction judgments.

ABSTRACT: Objective numeracy, the ability to understand and use mathematical concepts, has been related to superior decisions and life outcomes. Unknown is whether it relates to greater satisfaction in life. We investigated numeracy's relations with income satisfaction and overall life satisfaction in a diverse sample of 5,525 American adults. First, more numerate individuals had higher incomes; for every one point higher on the eight-item numeracy test, individuals reported $4,062 more in annual income, controlling for education and verbal intelligence. Combined, numeracy, education, and verbal intelligence explained 25% of the variance in income while Big-5 personality traits explained less than 4%. Further, the higher incomes associated with greater numeracy were related to more positive life eva

SUBMITTER: Bjalkebring P 

PROVIDER: S-EPMC8612560 | biostudies-literature | 2021

REPOSITORIES: biostudies-literature