Well considering that the FA's at my airline still have jobs and I'm on the street, I'd say they do indeed have a better quality of life.

I shared a crashpad with a bunch of FA's who worked international flights out of JFK. Their first year pay was right around 2X what I made as a first year FO. They didn't have to put up with the nightmares of being on reserve all month and, best of all, were all hired with no prior experience whatsoever.