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I think being wise and being intelligent are different qualities. You might solve a puzzle in shorter time if you're intelligent, or remember more things. But if you're wise you will spend your energy to solve the right puzzle and remember the right things.

How do we measure wisdom? Is there a "WQ test"?

We also really need a test that measures risk-taking and ability to bend rules to achieve positive outcome.

There's already the WC test. Which as one gets older one is less likely to pass.

Intelligence beyond a certain level tends to cause hubris, which decreases wisdom.

https://en.wikipedia.org/wiki/Fluid_and_crystallized_intelli...

How wisdom and smarts are each are measured are different, which could explain the apparent paradox.

In this case the two stories are complementary not contradictory given the young populations are not drawn 1:1 from the old population.

Fluid intelligence is falling since teens, crystallized intelligence rises well into old age.