The paper presents the results of a theoretical and empirical study of moral orientations and subjective well-being, conducted on a sample of young Russians and Armenians using the following psychodiagnostic tools: the scale of subjective well-being (M. V. Sokolova); the technique for measuring the level of social frustratedness (L. I. Vasserman); the technique for diagnosing moral orientations (I. S. Slavinskaya, A. D. Nasledov, M. Y. Dvoretskaya).