A cavalier attitude about money can hurt you when it comes to spending, but it also has some surprising benefits when it comes to retirement savings. For starters, although jobs like teachers, firefighters, and nurses often don’t pay very well, the plus side is that they’re among the last in the country with pensions. Middle children are also less cautious when it comes to their investing choices than their first-born siblings are. The older brother or sister might pull down the larger paycheck — and in fact, CareerBuilder did find that first-borns are most likely to earn six figures — but when it comes to investing their 401(k), the middle child can more easily stomach the ups and downs of the market. “First-born were less likely than the later-born to have a majority of their portfolios allocated in stock,” a study on birth order and investing risk found.
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Of course, take these characterizations with a grain of salt. There are plenty of middle children out there who broke the mold: Famed investor Warren Buffett didn’t build his fortune by being cavalier with his money, Microsoft founder-turned-philanthropist Bill Gates certainly doesn’t lack for management chops, and someone describing Republican presidential nominee Donald Trump probably wouldn’t use the phrase “conflict-averse.”