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There is evidence that people who are late are more successful in various contexts. This can be due to personality traits they have that make them come across as more calm. A person's tardiness can be due to being so interested in a project that they lose sense of time, supporting that they are able to fully invest themselves to resolve a problem or finish a task. However, this behavior could pass stress onto others. Another article goes further to explain that "while this can be frustrating for a team of co-workers or a boss, the "better way" may in fact be a huge savings in time and money." Multiple sources argue that punctuality is necessary for professionalism.
In the business world, punctuality is key for moving up in the profession and keeping timelines on track for projects. If success is being measured based on the level of your physical health, there is evidence to support that people who are late are healthier and live longer. This comes from the positivity and lack of stress they feel because they do not worry about deadlines and other such time constraints.
Being late can hurt people's success in the financial and business world where people could forget about deadlines like rent, projects, etc. People who are always late tend to make bad decisions with their money since they take up a spontaneous personality. In one of the articles, there was a business coach that said that arriving late at meetings or being late in general prevents further success in a person's business career, where they do not form relationships with other businesses, missing out a partnership. The article appeared to be reliable because it was posted by Dan Kennedy, a business coach, consultant, and strategic advisor. The article also says that "being punctual gives you the right—the positioning—to expect and demand that others treat your time with the utmost respect. You cannot reasonably hope to have others treat your time with respect if you show little or no respect for theirs. So if you're not punctual, you have no leverage, no moral authority. But the punctual person gains that advantage over staff, associates, vendors, clients, everybody."
An article on Business Insider written by Drake Baer . References a study conducted by The University of Utah. "Frequent multitaskers are bad at it: can't talk and drive well" claims that chronic tardiness is a matter of your habits because multitaskers are likely to be later than everybody else, since multitasking makes it harder to have "metacognition," or an awareness of what you're doing. Tardiness partly has to do with having different definitions of "on time." You might think that five minutes late is acceptable, but your boss might not.
Diana Delonzor argues in her book "Never be Late again: 7 cures for the Punctually Challenged" place people into two categories: A "deadliner" which essentially is someone who is addicted to the rush of making it in time. A "producer" is someone who feels proud that you did more stuff in less time, but breaking every rule in the meantime. To elaborate on Diana Delonzor's book, the claims about people who are habitually late is just generalized advice on how to handle tardiness and become more punctual.