Why You Feel Poorer Than Your Friends

Behavioral Economics with Fexingo: Decision Making, Bias, and How People Really Spend · May 28, 2026 · 7m · transcript

In this episode, Lucas and Luna explore the concept of relative deprivation — the feeling that you're worse off compared to those around you, even if you're objectively doing well. They dig into the famous 1970s study of British soldiers and how it explains why a rising tide doesn't lift all boats equally. The hosts discuss how social comparison, amplified by social media, can distort our sense of financial well-being and even affect economic behavior. They also touch on the Easterlin Paradox and why more money doesn't always mean more happiness. A concrete look at how…