OK.

"each point increase in IQ test scores raises income by between $234 and $616 per year"

http://www.sciencedirect.com/science/article/pii/S0160289607...

and conscientiousness may even trump IQ when it comes to SES

http://econlog.econlib.org/archives/2009/06/does_personalit....

That's 'high IQ'->'higher income'. You are implying 'higher income'->'high IQ', of which there are multitudes of counterexamples.

This comment should not be downvoted. It's correct in describing what's being asserted. And what's being asserted is the definition of the affirming the consequent.

I know this is HN and we love to point and shout the names of informal fallacies, but maybe learning some formal ones would be useful, too.

There are always lottery winners. It's not a perfect correlation.

Ah, the No True Scotsman defense.

Lol this correlation says nothing about poor people being dumber

But that better educated make more money

Get back to me when society stops tilted the economic success playing field against poor people, and offers them the same welfare we give the rich

Until then this 36 yr old, born and raised in a trailer park, college dropout with enough assets now to only have to work part time on contracts that interest me, while living in a city with higher than average cost of living, will call bs