It’s not intelligence, does being a millionaire depend on just one factor?: what a study reveals

Have the financial capacity satisfying basic needs and indulging in some luxuries is a a desire shared by many, as it provides a feeling of security and well-being. Although this is widely recognized Money is not the only determining factor in happinessit undoubtedly makes the path towards it easier.

Success and the accumulation of wealth are often closely linked to dedication, commitment, talent and perseverance. However, a recent study has shed light on a crucial factor that may be even more crucial to achieving wealth.

It has been observed that the distribution of wealth follows a particular pattern, in which approximately 80% of financial resources are concentrated in the hands of only 20% of the population. This economic disparity motivated a group of researchers to ask the question: What factors contribute to the shortage of wealthy individuals?

What does being a millionaire depend on?

In a context in which it is taken for granted that merit and commitment are the main factors of success and accumulation of wealth, the distribution of abundance does not always follow the same rules. According to the researchers, based on the concept of power lawLuck plays a crucial role in achieving wealth.

Numerous studies have highlighted the association between financial success and attributes such as talent, hard work and dedication. Recently, a media outlet affiliated with the Massachusetts Institute of Technology examined research conducted by a team of scientists from the University of Catania.

This study challenges the long-standing myth that success and wealth are directly linked to talent and commitment. Researchers propose a new one wealth generation model which recognizes the significant influence of luck in the process.

The study reveals an influential factor for being a millionaire

The University of Catania study was conducted by Alessandro Pluchino, who created a IT model which is used to check up to where factors such as talent, effort and luck can intervene in the financial success a person can have.

This model reveals it The people who succeed are not always the most talented, but those who were luckier in a specific context or circumstance. For this study, they simulated the working lives of people with different talents for 40 years.

During that time they were able to see that people experienced certain events, which were interpreted as lucky and unlucky in relation to the impact they had on their financial success. This The study revealed that the richest people in several cases are not the most talented or qualified, but rather those who were lucky.

Researcher Pluchino explained in his report that “the ’80-20′ rule is respected, since 80% of the population owns only 20% of the total capital, while the remaining 20% ​​owns 80% of the same capital” .

For some, the most logical thing would be to believe that the most talented people are the ones who would be the most financially successful. However, this model seems to challenge that reasoning.