| Summary: | Participants ( N = 10,672 with the mean age of 20.7 years) of the Russian Character and Personality Survey (RCPS), involving 40 universities or colleges from across the Russian Federation, rated their happiness and satisfaction with life; the ratings were combined into an index of subjective well-being (SWB). Using the National Character Survey (NCS), participants also rated their own personality characteristics as well as those of an ideal person and a typical Russian living in their own region. Only two personality (test) subscales—N3: Depression and E6: Positive Emotions—were correlated with SWB on the between-individual level of analysis. Although spiritual values associated with a negative attitude toward money are typically regarded as an essential part of the Russian national character, our results demonstrated that only satisfaction with one’s own financial situation was a reliable predictor of SWB. In those regions where people had, on average, a higher life expectancy, better education, and a higher level of wealth, individuals also tended to be happier and more satisfied with their lives.
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