The article deals with the concept of the Quality of Life, discussed in the context of existing empirical data and theoretical approaches. The visible gap between the nature of indicators of objectively studied indicators and the subjectively experienced reality is stressed. The proposal of new approach, namely the assessment of the relation between the objective conditions and their perceptions by human beings is discussed. The most important factors enhancing the threatening events are those stemming from the system transformation after the fall of centrally planned economy, namely unemployment and lowering level of consumption (leading to impoverishment). Four types of coping strategies are indicated. Threatening events are regarded as the suddenly growing probability of negative consequences. However, there is some threats that serves as the means for satisfaction of the need of stimulation and sensation seeking like dangerous kind of activities, especially extremal sports.