This paper uses Eurobarometer survey data from 26 EU countries to eval-uate whether the general public cares about …nancial stability and imbalancesover and above their e¤ects on key macroeconomic variables such as unem-ployment and in‡ation. I con…rm previous results in the literature that lifesatisfaction - a widely used measure of household welfare - negatively dependson the unemployment rate. In addition to previous results in the literature, Iestablish a strong empirical link between life satisfaction and consumer con…-dence as measured by the European Commission consumer survey. The mainresult of the paper is that life satisfaction generally does not systematicallydepend on a number of measures of …nancial imbalance based on credit andasset prices once the other macroeconomic controls are included.
: Eurobarometer, life satisfaction, consumer con…dence, …nan-cial stability, central bank.