The broad empirical pattern is that higher wealth/asset inequality is associated with several less favourable social outcomes, but the strength and causality of those relationships vary considerably.

Social metric	Typical relationship with higher asset/wealth inequality	Evidence / caveat
Social trust	Often negative — higher inequality is associated with lower interpersonal trust.	Reviews find a fairly consistent association, although effects depend on how inequality and trust are measured.
Social cohesion / social capital	Generally negative.	Experimental and observational literature links inequality with reduced cooperation and trust, although not every dimension of social capital moves in the same direction.
Health / mortality	Often negative, i.e. greater inequality correlates with worse health outcomes.	This is particularly contested for wealth inequality itself. A large Norwegian fixed-effects study found no increase in mortality associated with local wealth inequality.
Mental health / wellbeing	Often negative.	Reviews associate greater inequality with lower happiness and wellbeing and greater status anxiety, but causal pathways remain debated.
Educational attainment	Generally negative.	Higher inequality is associated with larger educational gaps and lower mobility, though education, family background and institutions are important confounders.
Social mobility	Generally negative.	More unequal societies tend to exhibit lower intergenerational mobility in much of the comparative literature.
Crime / violence	Often positive — higher inequality accompanies higher crime rates in many cross-sectional studies.	The relationship is not universal, and distinguishing inequality from poverty, segregation and institutional factors is difficult.
Political/institutional trust	Often negative.	Reviews report lower trust in government in more unequal societies, although institutional context matters substantially.
Poverty/deprivation	Generally positive association.	Inequality affects how effectively economic growth translates into poverty reduction; this is not the same as saying inequality necessarily causes poverty.

The important statistical distinction

A high Asset Gini can therefore show a pattern such as:

High asset inequality → lower trust, cohesion, mobility and wellbeing; higher deprivation and sometimes higher crime.

But this should initially be interpreted as correlation, not proof of causation. Wealth inequality is intertwined with income, education, housing markets, taxation, public services, demographics and historical institutions. The literature explicitly notes that some apparent country-level relationships can arise from common underlying factors rather than inequality directly causing the social outcome.