Considering that the middle ages lasted a thousand years and had millions of people all across Europe for the whole time, it is a pretty safe bet that some were happy, and others were not. It is also a pretty safe bet that there were times and places where most were happy, and other times and places where most were not.
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To some extent, yes. It has been estimated they had eight weeks every year free from work. There were festivities at Christ Mass, Easter, and May Day. At the end of ploughing and the completion of harvest also were times that were celebrated.
Some peasants were free, and some were not.
There were slaves, though slavery was not as widespread in Europe of the Middle Ages as one might think.
There were serfs, who were free in many respects, but were bound to their land, which meant they could not leave it. They were not bought or sold. The land could be bought or sold in many cases, but if it was, the new owner had to respect the rights of the serfs to be there.
There were cotters and crofters, who were free, it seems, but we have little information on exactly what their situation was.
There were freemen, and it was possible for one of these to be a peasant.
The relationship between the knight and his peasants is the manorial system.
The SERFS, followed by the peasants.
One thing you could bet with assurance is that medieval peasants did not have tea. For supper, they probably had porridge or stew and bread.
They were usually farm workers.
Many medieval peasants starved. However, during the medieval era the church served as a large social organization. It would have tried to feed the starving masses and move them to a different area where there was food and work.