Dancing in the Dark: Social Life and Life Satisfaction in Times of Economic Prosperity and Crisis

This article explores the relationship between individuals' satisfaction with their social life and global life satisfaction during periods of economic prosperity and crisis, using data from the Panel of Social Inequalities in Catalonia, Spain (PaD 2001-2012). The study also investigates how this relationship varies across different social origins. Catalonia is a pertinent context due to its significant increase in inequality and unemployment during the 2008 Economic Crisis, positioning it among the most affected regions in Europe. The findings reveal that satisfaction with one's social life matters for global life satisfaction, even after accounting for individual and macro characteristics. However, contrary to the initial expectations, the study demonstrates that satisfaction with one's social life becomes less influential for global life satisfaction during the macroeconomic crisis, particularly among individuals from middle and low social origins. Furthermore, while a strong positive relationship exists between satisfaction with one's social life and global life satisfaction during times of economic prosperity for all social groups, a robust negative relationship emerges in periods of macroeconomic crisis for individuals from high social origins. The article offers several potential explanations for these findings.