Mind the Gap: Perceived Economic Inequality and the Well-Being Gap around the Globe

Ángel SÁNCHEZ-RODRÍGUEZ*, Maciej GÓRSKI, Mohsen JOSHANLOO, Kuba KRYS, Man Wai Liman LI, Morten TØNNESSEN, Plamen AKALIYSKI, Brian W. HAAS, M. Azhar HUSSAIN, Farida GUEMAZ, Mahmoud BOUSSENA, Nuha ITER, Olha VLASENKO, Vivian Miu-Chi LUN, Vivian L. VIGNOLES, Nur Amali AMINNUDDIN, İdil IŞIK, Laina NGOM-DIENG, Márta FÜLÖP, David O. IGBOKWEMladen ADAMOVIC, Ragna Benedikta GARÐARSDÓTTIR, Natalia SOBOLEVA, Julien TEYSSIER, Fumiko Kano GLÜCKSTAD, Joonha PARK, John ZELENSKI, Wai Lan Victoria YEUNG, June Chun YEUNG, Eric Kenson YAU, Jae-Won YANG, Belkacem YAKHLEF, Cai XING, Arkadiusz WASIEL, Christin-Melanie VAUCLAIR, Wijnand VAN TILBURG, Vladimir TURJAČANIN, Tra Thi Thanh KIEU, Claudio TORRES, Chien-Ru SUN, Boris SOKOLOV, Rosita SOBHIE, David SIRLOPÚ, Heyla A. SELIM, Ana Maria ROCHA, Muhammad RIZWAN, Iva POLÁČKOVÁ ŠOLCOVÁ, Zoran PAVLOVIĆ, Ewa PALIKOT, Mateusz OLECHOWSKI, Ayu OKVITAWANLI, Danielle OCHOA, Karolina NOWAK, Martin NADER, Katarzyna MYŚLIŃSKA-SZAREK, Elke MURDOCK, Oriana MOSCA, Magdalena MOSANYA, Fatma MOKADEM, Linda MOHAMMED, Arina MALYONOVA, Alexander MALYONOV, Hannah LEE, Mary Anne LAURI, Nicole KRONBERGER, Agata KOCIMSKA-BORTNOWSKA, Maria KLUZOWICZ, Natalia KASCAKOVA, Mostak Ahamed IMRAN, Eric Raymond IGOU, Katharina HENK, Rafail HASANOV, Biljana GJONESKA, Alin GAVRELIUC, Magdalena GARVANOVA, Vladimer GAMSAKHURDIA, Agustín ESPINOSA, Alejandra DOMINGUEZ-ESPINOSA, Jule DELTOUR, Vlad COSTIN, Aidos BOLATOV, Arno BALTIN, Rasmata BAKYONO-NABALOUM, Resham ASIF, Lily APPOH, Petra ANIĆ, Laura ANDRADE, Anna ALMAKAEVA, Marwan AL-ZOUBI, Grace AKELLO, Michael Harris BOND

*Corresponding author for this work

Research output: Journal PublicationsJournal Article (refereed)peer-review

Abstract

The link between economic inequality and individual well-being has been gaining increasing research attention. This study examines this relationship using data from 71 countries with diverse national incomes, addressing three key research gaps: (1) incorporating measures of both perceived and objective economic inequality, (2) extending analysis to multiple components of well-being beyond happiness, including meaning in life, harmony, and spirituality, and (3) assessing levels of both current and ideal well-being. Findings reveal that perceived economic inequality predicts personal well-being more strongly than objective inequality. In addition, perceived inequality is associated with a wider gap between current and ideal levels of happiness, meaning, harmony, and spirituality, although national income moderates the effects of meaning, harmony, and spirituality. We discuss the implications of these results, highlighting the need for more culturally sensitive studies on perceived economic inequality and well-being.
Original languageEnglish
Article number19485506251345937
JournalSocial Psychological and Personality Science
Early online date14 Jul 2025
DOIs
Publication statusE-pub ahead of print - 14 Jul 2025

Bibliographical note

Publisher Copyright:
© The Author(s) 2025

Funding

The author(s) disclosed receipt of the following financial support for the research, authorship, and/or publication of this article: The present research was financially supported by Polish National Science Center Poland under grant 2020/37/B/HS6/03142 and by Grant PID2023-151771NA-I00 funded by MICIU/AEI/10.13039/501100011033. It was also financially support by NPO “Systemic Risk Institute” Grant LX22NPO5101 funded by the European Union–Next Generation EU (Ministry of Education, Youth and Sports, NPO: EXCELES), Mediated Society (MEDIS: ON) CZ.02.01.01/00/23_025/0008713”, “Social-Cultural Determinants of Circulation of Representations (COREMind) CZ.02.01.01/00/23_025/0008715“ co-financed by the European Union, Czechia, the National Research and Develpment Fund (NKFIH-OTKA-K 135963) of Hungary, and the HSE University Basic Research Program.

Keywords

  • national income
  • perceived economic inequality
  • components of well-being
  • happiness
  • meaning
  • harmony
  • spirituality

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