An individual’s position in the income hierarchy is a stronger predictor of well-being than either how much they earn or how large the income gap is between them and others, finds new research from the University of Leeds, the University of Oxford and the University of Warwick. The study, published in Nature Communications, shows that the strength of the relationship between income rank and well-being varies significantly depending on the social and cultural context in which people live—and that strong civic and community life can substantially reduce it.
Income rank predicts well-being worldwide, but social capital can buffer its effects
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