The article explores how people's perceptions of their financial well-being may differ from reality. By analyzing data from over 45,000 Germans, the researchers found that factors like age, gender, region, and income class play a role in shaping how individuals view their financial situation. Surprisingly, subjective income class and reported actual income were key factors in determining subjective financial well-being. This study used statistical methods like regression analysis and tree-based methods to uncover these relationships.