This essay reviews and interprets research into the relationship between economic inequality and political polarization in high-income democracies. It shows that several empirical studies have linked polarization in these countries to large or growing inequalities, but also points to others that have questioned the existence of such a relationship. In addition, the essay presents an overview of trends in the distributions of income and wealth. While confirming that inequality has been increasing in most high-income democracies, this overview shows that it is difficult to ascertain whether the levels of and increases in inequality in these countries indubitably have caused political polarization. Against this background, it argues that understanding of the polarization effects of economic inequalities would be advanced by assimilation of research findings about the accuracy of inequality perceptions and the political implications of growing actual or perceived economic insecurity.