Our happy hour fact to amaze your drinking buddies with.

PinnochioChild development experts believe that the quality of fibs a youngster tells correlates with how successful he or she will be in later life.

Researchers at the Institute of Child Study at the University of Toronto tested 1,200 kids between the ages of 2 and 16 on their propensity to tell lies. At 2, only 20 percent of children fib; that figure jumps to 90 by age 4. At 12, just about every kid lies, but by age 16 only 70 percent still do so.

"Almost all children lie," said Kang Lee, who headed up the study. "Those who have better cognitive development lie better because they can cover up their tracks."

The researchers found no link between lying in early childhood and being deceitful in adulthood, which suggests that if your toddler begins fibbing soon after he begins talking, it is mostly because he is highly intelligent. Thus, he stands a better chance at a successful life. (And that's not just as a politician.)