Uncommon Knowledge
August 29, 2011
Boston Globe:
Inequality makes us unhappy – well, some of us Although many people blame modern-day angst and cynicism on a materialistic, media-driven culture, a recent analysis of national survey data going back to 1972 finds that another possible explanation may be income inequality. In years with greater income inequality, Americans perceived their fellow citizens to be less fair and trustworthy and, as a result, were less happy. However, this reaction was only significant in poor people. Controlling for perceived fairness, trust, and income, affluent people were actually happier in years with greater income inequality.
Read the whole story: Boston Globe
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