“…The experiential aspect of increased incomes in destinations is further moderated by migrants' expectations and the cost of living in cities, which cause dissatisfaction with the rate of material gains (Chen et al, 2019; Knight & Gunatilaka, 2008, 2010; Yu et al, 2019). Indeed, higher incomes do not necessarily translate into improved material outcomes for migrants who are concentrated in marginalised informal settlements where they lack access to decent housing and basic services such as water and sanitation (Owusu et al, 2008; Siddiqui et al, 2021). In addition to material conditions, weak social capital in destination and systemic forms of exclusion from labour markets and social protection have also been shown to result in unmet or frustrated aspirations and lowered subjective well‐being for migrants (Li & Rose, 2017; Wang et al, 2010; Wen & Wang, 2009; Zhang, Li, Fang, & Xiong, 2009).…”