Is there a link between ADHD and spectacular financial failures? | Laurence O'Dwyer (2024)

In 1902, George Still, the father of British paediatrics, gave one of the earliest descriptions of ADHD (attention deficit hyperactivity disorder), calling it a "moral defect without general impairment of intellect" characterised by an "abnormal incapacity for sustained attention".

While the second part remains largely true, causal theories have moved on from descriptions of a "moral defect". Brain imaging studies in particular have shown that there are structural and functional changes that underpin ADHD symptoms, and in a paper published last month in the journal Biological Psychiatry, a group at the Institute for Disorders of Impulse and Attention in the University of Southampton assess one of the newest ways of studying ADHD – by coupling brain imaging with neuroeconomics. They speculate that the condition may be associated with "suboptimal" economic decisions.

At its core, neuroeconomics attempts to understand the neural basis of economic decision making. All economic decisions involve an infinitely complicated set of interacting networks in the brain that adjust and implement plans that are aimed at securing a desired outcome. In children with ADHD, decision making is often compromised because they cannot wait for a reward – a phenomenon known as "delay aversion".

This means that a smaller reward, received now, is often preferred over a more substantial reward in the future. Brain imaging studies have found that ADHD children have a hypersensitivity to delay that often translates into a desire to receive a reward as quickly as possible.

An attention network that lies in the frontal and parietal lobes of the brain also seems to be underactive in ADHD children. Treatment with the drug Ritalin can increase activity in a structure that lies at the heart of this network – the dorsal anterior midcingulate cortex. This can ramp up activity in the attention network and increase the brain's ability to tolerate a delay before it receives a reward.

In a resting state, when we let our minds wander, another very interesting network called the default mode network appears to motor along in the background. First discovered in 1995 by researchers at the Medical College of Wisconsin, the default mode network is not only active during introspection and day-dreaming, but also deactivates as soon as we begin to attend to a task that requires a bit of serious thinking.

In ADHD children, however, the default mode network does not seem to cut out when it should, so when they switch to a task that requires focused thought, the default mode network's activity can interfere with concentration.

Money, attractive faces and appetising foods consistently activate a third brain network that deals with rewards: the frontostriatal network. This network weighs up the pros and cons of different choices and when it malfunctions there is a reduced ability to link rewards with actions. Memory is also important here as the brain must be able to hold different alternatives in mind so that it can fully explore the implications of different choices.

Children with ADHD have difficulty holding different choices in mind, which in turn leads to poorer decision making. Research has shown that children with ADHD have a reduced concentration of dopamine receptors in this reward network. Again, drug treatment can help to boost its activity and improve the brain's ability to consider different choices before it makes a decision.

But the story of ADHD is not all negative – there must be good evolutionary reasons for retaining ADHD traits in the population. Some of the positive aspects of ADHD include increased creativity and novel problem-solving abilities. Evolution needs variability and new avenues, and it is possible that those with ADHD will seek directions that would otherwise remain unexplored.

In an interesting genetic study of a Kenyan tribe, researchers at Northwestern University in the US looked at the DRD4 7R gene, which has been linked with ADHD and novelty seeking. Only people with this ADHD-related gene were studied, but one group had recently settled into a community while a second group remained nomadic.

The nomads with the ADHD-related gene were found to have a higher body mass index than their settled counterparts with the gene. Novelty-seeking and increased impulsivity may have helped the nomads to obtain food. The researchers also suggested that the shorter attention span conferred by the DRD4 7R gene might help nomadic children to learn more efficiently in a rapidly changing outdoor environment.

In contrast, a similar attention span in the settled children would interfere with their learning in school. So the DRD4 7R gene may be more suitable for a nomadic lifestyle and less suitable for the sustained attention needed to make a living buying and selling goods in a village or town market place.

All of which raises some interesting prospects for expanding these kinds of studies into the field of trading and banking for a more precise look at the neural goings-on behind some of our more spectacular financial failures.

So what was once vaguely described in a fit of hand-waving as "a moral defect" is now being understood in ever more sophisticated ways as a dysfunction of many different brain networks that control decision making, memory and goal setting. As neuroeconomic and brain imaging tools shed more light on ADHD, a more subtle understanding of its symptomatology will also be vital for developing new treatments.

Is there a link between ADHD and spectacular financial failures? | Laurence O'Dwyer (2024)

FAQs

Does ADHD cause financial problems? ›

ADHD can change how you manage your money in the following ways: Forgetting bills and incurring extra charges due to late or missed payments. Choosing short-term rewards over longer-term benefits (like saving for retirement) Trouble organizing paperwork, such as tax statements, bills, and checks.

What is the financial burden of ADHD? ›

The most recent review in 2021 on the global economic burden of ADHD in children reported annual total cost ranging from US$831 to US$20 538 per person. It has been consistently demonstrated that children with ADHD incur higher medical costs than children without the condition, and this trend continues into adulthood.

Is there a correlation between ADHD and income? ›

Children living in decreasing, consistently low, and consistently mid-low income households had an increased risk of ADHD compared to children who consistently lived in the mid-high household income group.

What is the main controversy behind ADHD? ›

Positions range from the view that ADHD is within the normal range of behavior to the hypothesis that ADHD is a genetic condition. Other areas of controversy include the use of stimulant medications in children, the method of diagnosis, and the possibility of overdiagnosis.

Is overspending a symptom of ADHD? ›

ADHD and Impulse Spending

In ADHD, people tend to make slapdash decisions which often leads to overspending.” – Dave Coghill, University of Melbourne. My diagnosis has shed light on how ADHD impacted my financial well-being.

Why do people with ADHD have bad spending habits? ›

ADHD and Your Wallet

That's because ADHD can cause procrastination, disorganization, and impulsivity. These traits aren't harmful in themselves, but they can make it difficult to manage money. Here are some tips to help with each one as they impact your finances.

Why is it so hard to save money with ADHD? ›

The ADHD-specific brain-things that get in the way of money are: time issues (a tendency to experience time as now/not-now) impulsivity (and the dopamine associated with buying something) object permanence issues (out of sight = out of mind, so I literally forget how much money I have or what I need to spend money on)

What are people with ADHD entitled to? ›

ADHD is recognised as a condition which qualifies for disability benefits and funding. The following is a summary of the various avenues to explore: The Disability Register Identity Card (for children and young people) is an invaluable card for ADHD children.

Are there millionaires with ADHD? ›

Entrepreneurs. There are some well-known very high-achieving ADHD entrepreneurs including Richard Branson, Bill Gates and Walt Disney. Richard Branson had no interest in anything academic. Still, once he was able to harness his talents and imagination in his own way, he began to build a phenomenal business empire.

What is the hardest subject for people with ADHD? ›

Students who are affected by ADHD often have a hard time with math because their memory is not very strong and blocking out external stimuli is a struggle.

Who is more prone to ADHD? ›

Boys (15%) were more likely to be diagnosed with ADHD than girls (8%). Black children and White children were more often diagnosed with ADHD (both 12%) than Asian children (4%). American Indian/Alaska Native children (10%) were also more often diagnosed with ADHD than Asian children.

What is the wealth gap with ADHD? ›

Adults with childhood Attention Deficit Hyperactivity Disorder (ADHD) are expected to earn $1.25 million less than adults without a history of ADHD, over their lifetime, potentially reaching retirement with up to 75 percent lower net worth.

What is the root problem of ADHD? ›

Abnormalities in the dopamine system have been linked to symptoms of ADHD, such as trouble paying attention. However, it is important to note that ADHD is a complex condition and there is no single gene that can be identified as the sole cause of the disorder.

What are the 5 levels of ADHD? ›

Here are the 6 different types of ADHD, each with different brain function issues and treatment protocols.
  • Type 1: Classic ADD. ...
  • Type 2: Inattentive ADD. ...
  • Type 3: Overfocused ADD. ...
  • Type 4: Temporal Lobe ADD. ...
  • Type 5: Limbic ADD. ...
  • Type 6: Ring of Fire ADD.

Which child with ADHD might be most likely to get overlooked? ›

Children who only have inattentive symptoms of ADHD are often overlooked, since they're not disruptive.

Does ADHD make it hard to save money? ›

As Dr Sarkin explains, "saving up, for people with ADHD, can be extremely hard because they expect big results right away". They may start a savings account, only to empty it out the following week because they don't have enough money left for groceries.

Does ADHD affect income? ›

Loss of household income – A reported annual average loss of household income of $8,900 to $15,400 (Biederman, Faraone, 2006). Poor productivity – A study by the World Health Organization determined that when left untreated, adults with ADHD lose an average of 22 days of productivity per year (Hilton, et al., 2009).

Do people with ADHD get disability money? ›

Adults with ADHD can qualify for disability benefits but only in cases where they can prove that their ADHD prevents them from performing substantial gainful work activity. This can be difficult for adults with ADHD to prove.

What is the downside of having ADHD? ›

Impulsive Symptoms of ADHD: The impulsive symptoms of ADHD in children often lead to problems with self-control, self-censoring, and other behaviors. These symptoms might include: Acting without thinking through the consequences. Blurting out answers in class without raising hand and being called upon.

Top Articles
What's a Good Return on Investment (ROI)?
Is Turning Red on Netflix? (where to stream)
Obituary for Mark E. Rimer at Hudson-Rimer Funeral Chapel
Gaseous Form Pathfinder
Hollys Pawn Saraland Al
Dsw Designer Shoe Warehouse Ann Arbor Photos
The Fappening Blgo
Palmbeachschools Jobs
Wal-Mart 140 Supercenter Products
Td Share The Green Referral Credit
Uta Kinesiology Advising
Fantasy football rankings 2024: Sleepers, breakouts, busts from model that called Deebo Samuel's hard NFL year
Spectrum Store Kansas City Photos
Casa Grande Az Craigslist
Arre St Wv Srj
Ups Open Today Near Me
19 Dollar Fortnite Card Copypasta
Moonlike Rock Arceus
Which Statement About These Two Restaurant Meals Is Correct
Hessaire Mini Split Remote Control Manual
Les Schwab Product Code Lookup
Publix In San Antonio Texas
Cgc Verification Number
Noaa Marine Forecast Tampa
MLB The Show 23 Marketplace: Your Ultimate Guide to Trading and Collecting - Belvidere Youth Baseball
Sheetz Unlimited Drinks Ending
Perugino's Deli Menu
Hinzufügen Ihrer Konten zu Microsoft Authenticator
Aldine Isd Pay Scale 23-24
Tbom Retail Credit Card
Logisticare Transportation Provider Login
Dragon Ball Devolution 2 Unblocked
Frequently Asked Questions | Google Fiber
Money Network Pay Stub Portal 711
Verizon Fios Internet Review: Plans, Prices And Speed 2024
6030 Topsail Rd, Lady Lake, FL 32159 - MLS G5087027 - Coldwell Banker
Philasd Zimbra
Ixl Ld Northeast
If You Love FX’s 'Shogun,' Here Are 10 More Samurai Things To Check Out
Holy Grail Cum Guide
Phrj Incarcerations
Sayuri Pilkey
Barbarian Frenzy Build with the Horde of the Ninety Savages set (Patch 2.7.7 / Season 32)
9294027542
7Ohp7
Natalya Neidhart: Assembling the BOAT
Publix Coral Way And 147
Eliza Hay, MBA on LinkedIn: I’m happy to share that I’ve started a new position as Regional Director… | 36 comments
June 21 2019 Algebra 2 Regents Answers
Lompoc Record Arrest Log
Evil Dead Rise Showtimes Near Regal Destiny Usa
Ideological variation in preferred content and source credibility on Reddit during the COVID-19 pandemic
Latest Posts
Article information

Author: Ray Christiansen

Last Updated:

Views: 5583

Rating: 4.9 / 5 (69 voted)

Reviews: 92% of readers found this page helpful

Author information

Name: Ray Christiansen

Birthday: 1998-05-04

Address: Apt. 814 34339 Sauer Islands, Hirtheville, GA 02446-8771

Phone: +337636892828

Job: Lead Hospitality Designer

Hobby: Urban exploration, Tai chi, Lockpicking, Fashion, Gunsmithing, Pottery, Geocaching

Introduction: My name is Ray Christiansen, I am a fair, good, cute, gentle, vast, glamorous, excited person who loves writing and wants to share my knowledge and understanding with you.