IQ correlates most strongly with socioeconomic class, with members of the same ethnic group scoring higher over the decades as that ethnic group as a whole becomes wealthier.
Exactly the opposite is true. Adoption studies have been used to isolate the effect of SES itself, and the contribution of that factor is low: https://www.sciencedirect.com/science/article/abs/pii/S01602... (“Proportion of variance in IQ attributable to environmentally mediated effects of parental IQs was estimated at .01… Heritability was estimated to be 0.42.”).
Exactly the opposite is true. Adoption studies have been used to isolate the effect of SES itself, and the contribution of that factor is low: https://www.sciencedirect.com/science/article/abs/pii/S01602... (“Proportion of variance in IQ attributable to environmentally mediated effects of parental IQs was estimated at .01… Heritability was estimated to be 0.42.”).