Why is the idiom "Misery loves company" so common, yet people who are unhappy often seek out others who are also feeling down? Sharing troubles can provide comfort. It suggests that knowing others share similar struggles can make one's own difficulties feel less in isolation. Many times, this suggests that individuals experiencing hardship often seek out others who share similar struggles.
Positive thinking can help people who are feeling down. When people see others in similar or worse circumstances, it can affect their overall happiness and job satisfaction. The age-old saying "Misery loves company" is believed to have originated in the 14th century. It continues to resonate with people across cultures and generations. Its enduring relevance speaks to a fundamental aspect of the human factor.
Politicians, in Malta during the onset of the pandemic in 2000, grasped that gloomy expectations can be self-fulfilling. The likely result is a turn towards veering into a fortress economy-one that vows protection but dulls growth. Recently, the collective mood among the Maltese public has experienced a sharp decline, with half of the population expressing concerns about the country's trajectory, a significant shift from the positive sentiment recorded just a year ago, according to the latest Eurobarometer survey.
A Newsbook survey showed 85% of respondents believed things will take a turn to the worse in the 2026, while 50% believe that at present, things are going in the wrong direction. In the survey conducted during the last week of September 2025 and the first two weeks of October, it was revealed that half of respondents believe Malta is heading in the wrong direction, a stark contrast from the 13% recorded in the same period the previous year. Another aspect of the survey is the revelation that 85% of Maltese respondents expect a decline in their standard of living over the next year, surpassing the European average of 73%. Additionally, 46% believe their living conditions will worsen in the coming year, marking an eight-percentage-point increase since March and exceeding the EU average.
Today's malaise in Malta is fertile ground for populists in power promising protection and spending rather than seeking radical reform. "Misery loves company" is a proverb meaning people who are unhappy often want others to be unhappy too - or at least want others around them so they don't feel alone in their suffering. Today positive energy in Europe is in short supply as pessimism has become widespread and persistent.
Quoting the Economist, all around Europe economic confidence has been below its long-term average for over three years. A new poll by fgs Global, a consultancy, of 20,000 voters and business leaders across America, Britain, Canada, the eu and Japan finds a bleak consensus: in all 27 countries, majorities believe life will be harder for the next generation and that the system is rigged in favour of the rich.
Other polls tell a similar story. In a Gallup International survey of nearly 60,000 adults, economic pessimists outnumber optimists by about two to one in Britain and Japan. In Germany they are nearly 12 times more numerous.
When expectations sour, economies can behave in ways that blunt the effects of otherwise sensible policy and distort politics. A final danger of pessimism is that it undermines fiscal discipline and seeks solace in public debt. When voters think the future is bleak, their tolerance for short-term pain drops. Sweden's belt-tightening in the mid-1990s worked because Swedes felt sacrifice would be rewarded. Where such a belief is absent, belts unbuckle. Across southern Europe after 2010 fiscal consolidation imposed amid stagnation met with fierce resistance. When electorates feel down, they reward politicians for cushioning the problems rather than introduce restraint. This keeps deficits wide and inflation harder to tame.
As gloom becomes entrenched across Europe due to sluggish economic performance, it risks turning into a self-reinforcing drag on growth. The consequences are less investment in the future, a drift towards zero-sum protection and politics that makes fiscal restraint harder to sustain. Pessimism first acts like an uncertainty shock. When the future looks darker, the option value of waiting for redemption rises. Households and firms postpone decisions that are costly to reverse. Short-term effects are already visible. The euro zone's household savings rate of 15% in 2025 was well above its pre-pandemic norm yet low confidence is evident.
In Malta, this may impinge and contribute to other social changes, ranging from low fertility rates, the quest by FIAU for explained source of wealth and the falling number of PHD's graduates.
Another expression of pessimism is the belief that the economy is rigged, heavily sustained by debt, which encourages zero-sum thinking. When people assume that gains for one group come only at another's expense, they support policy that shifts the focus from growth to redistribution and protection. The question arises - can culture and religion affect help‑seeking? Yes, as some groups interpret problems as spiritual tests, moral failings, ancestral or supernatural issues, or purely physical symptoms. That affects whether they see counselling or medical treatment as appropriate. As an example, consider how in Asian cultures that prioritize family reputation, then seeking mental‑health care can be seen as shameful or risky symptoms for marriage, jobs, or social status. Some communities rely first on family, religious leaders, or traditional healers rather than therapists or doctors. In extreme cases, one meets with historical discrimination or negative experiences with healthcare. All this reduces trust and willingness to engage in credible remedies. It also encapsulates a profound truth about human nature, revealing the complex psychological forces that drive us to seek solace in shared sorrow.
The proverb "Misery loves company" conveys the idea that when individuals are going through difficult times or experiencing unhappiness, they are inclined to seek shelter or companionship in others - who share similar feelings. It reflects the human desire for empathy, understanding, and connection during challenging moments. Other studies have also investigated the relationship between income comparisons and subjective well-being. These findings contribute to a broader understanding of how economic conditions and social dynamics impact mental health and job satisfaction. Readers may often question how the true meaning of "misery loves company" provides insights into social factors and economic policies in the country. They ask; can it shape individual experiences, particularly in the context of changing jobs or retirement?
George M Mangion is a Senior Partner PKF Malta