The association between objective and subjective socioeconomic status and subjective well-being: A meta-analytic review.

This meta-analysis tested if the links between socioeconomic status (SES) and subjective well-being (SWB) differ by whether SES is assessed objectively or subjectively. The associations between measures of objective SES (i.e., income and educational attainment), subjective SES (i.e., the MacArthur ladder SES and perceived SES), and SWB (i.e., happiness and life satisfaction) were synthesized across 357 studies, totaling 2,352,095 participants. Overall, the objective SES and subjective SES measures were moderately associated (r = .32). The subjective SES-SWB association (r = .22) was larger than the objective SES-SWB association (r = .16). The income-SWB association (r = .23) was comparable with the ladder…