Life satisfaction is a bit more complex than it seems; the term is sometimes used interchangeably with happiness, but they are indeed two separate concepts. Life satisfaction is the evaluation of one’s life as a whole, not simply one’s current level of happiness. There are a few different working definitions of life satisfaction, including well-being and life satisfaction.
Life satisfaction is not only more stable and long-lived than happiness, it is also broader in scope. It is our general feeling about our life and how pleased we are with how it’s going. There are many factors that contribute to life satisfaction from a number of domains, including work, romantic relationships, relationships with family and friends, personal development, health and wellness, and others.

Life Satisfaction and it’s Contributing Factors
The main contributing factors to life satisfaction are not completely understood yet, and the weight they are given by each individual varies; but, research has found that they likely fall into one of four sequential categories:
1)Life chances;

2)Course of events;

3)Flow of experience;

4)Evaluation of life (Veenhoven, 1996).
In the life chances category, you will find societal resources like economic welfare, social equality, political freedom, culture, and moral order; personal resources like social position, material property, political influence.
In the course of events category, the events can involve factors like need or affluence, attack or protection, solitude or company, humiliation or honor, routine or challenge, and ugliness or beauty.
The flow of experience category includes experiences like yearning or satiation, anxiety or safety, loneliness or love, rejection or respect.
Finally, the evaluation of life is an appraisal of the average effect of all of these interactions.

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