Disclaimer: Views in this blog do not promote, and are not directly connected to any L&G product or service. Views are from a range of L&G investment professionals, may be specific to an author’s particular investment region or desk, and do not necessarily reflect the views of L&G. For investment professionals only.
Inequality drives change
What's the link between happiness and wealth? And could it be behind the rise of populism?
The rise of populism looks set to continue and likely escalate. Inequality in wealth and income (both between and within countries) is an important reason for this new political paradigm. Evidence suggests people’s happiness is a function of how they’re doing relative to others, so if they feel they’ve missed out they're more likely to vote against the status quo.
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