The project aims to analyse links between living conditions and their perceptions in Czech, Hungarian, Polish and Slovak households. After the trends in socio-economic development are identified, questions will be raised about the degree of congruence among them. Using various data sources on household level, inequality in and factors of objective well-being will be contrasted with perceived satisfaction by country and period since 1990. Comparative EU surveys will be then analysed to investigate the changing links since 2005 between material well-being and making ends meet both cross-sectionally and longitudinally. The project will conclude by establishing the interactions between objective and subjective indicators that need to be observed by research and considered by policies.