Fairness, Trust, and Well-Being Among Young Adults: Evidence from 2021 Chinese General Social Survey (CGSS)

<b>Background</b>. As China has undergone tremendous socioeconomic and demographic changes during and after the pandemic, it is crucial to enhance youth well-being and facilitate their transition into the workforce. This study aims to explore the multi-dimensional features of well-being and examine their relationships with fairness and trust. <b>Methods</b>. Using the nationally representative data from the 2021 <i>Chinese General Social Survey</i> (CGSS), this study analyzes the well-being of 1726 young adults aged 18 to 34 years old living in 19 provinces in China. <b>Results</b>. The research findings generate five latent factors of well-being and reveal the multi-faceted nature of subjective well-being, including physical and mental health challenges, positive outlook, sense of purpose, personal growth, and self-fulfillment. Physical and mental health is the cornerstone for well-being and happiness. Young people with poor physical and mental health conditions are less likely to perceive that society is fair or that people are trustworthy. Additionally, a positive outlook and future orientation are strongly associated with high fairness and/or trust. <b>Discussion and Conclusions</b>. By investigating the differential domains of well-being, this study contributes to the literature with the new conceptualization of well-being sub-measures and their application to youth. Furthermore, this study identifies that well-being is not only an individual-level characteristic but also a group-level attribute that can contribute to fairness and trust at the societal level. As China continues to expand its infrastructure on education, health, and technology, it is expected that sustainable economic growth and development should boost young people's career development and promote their upward mobility.