It seems reasonable to me to believe that life wasn't that bad even for a Christian peasant, assuming: good health, good weather, no plague, no war (to be conscripted in), ugly daughters (to avoid prima nocta). Sure, you didn't own anything but life was simple, food was good, the world was understandable (even if your understanding was primitive and wrong), and the countryside must have been beautiful to explore. Plus you had the remarkable benefit of dreaming about truly foreign and far-away places, like Africa, India or China. Even countries within Europe were so distinct from each other as to make travel a real adventure.
There's an interesting take on going back to something like this in Paolo Bacigalupi's _The Windup Girl_[1]. The world has undergone a "Contraction" and oil is incredibly scarce. Travel is difficult and expensive; the world has grown large again, and human and animal power are once again the staples (although military and governments still use oil for some things).