The present research examined the causal effects of absolute and relative status on experienced deprivation and hostility. On the basis of the theory of relative deprivation, we reasoned that the subjective experience of being worse off than others is a better predictor for hostility than is the absolute level of how well‐off people are. Indeed, three experiments showed that relative more than absolute status has an impact on aggressive affect. That is, even when objective resources were high, people were more hostile when their resources compared negatively to others’ resources. Although no consistent direct effects were found for a measure of aggressive behaviour, mediation analyses suggest that relative but not absolute deprivation ultimately impacts aggressive behaviour via increased feelings of disadvantage and aggressive affect. The results emphasize the drastic consequences of the rising income inequality, irrespective of a nation's absolute wealth.