The paper presents the results of a theoretical and empirical study of subjective well-being and socio-political representation of ethnic groups. The study included proportionally equal samples of Russian and Kazakh respondents (Saratov, N = 60). Using a combination of psycho-pedagogical instruments, such as a questionnaire aimed at identifying socio-political views developed by the author of the study, the «Level of social frustratedness instrument » (L. I. Vasserman, B. V. Iovlev, M. A. Berebin), and the «C. Ryff’s scale of psychological well-being» (L. V.