Definitions for "standard of living"
The financial health of a population, as measured by the quantity of consumption...
Usually refers to a country's per capita income, but sometimes takes account also of additional conditions that matter for a person's or household's wellbeing such as leisure or the quality of the environment.
The financial health of a population, as measured by income levels, quality of food, housing, and medical care, etc. see also income replacement ratio.
A level of subsistence and comfort in daily life maintained by a community, class, or individual.
a level of material comfort in terms of goods and services available to someone
The lifestyle and luxury that a person currently experiences in their everyday lives.
Please see comparison of household standards of living test.
Keywords:  afford, buy, goods, people, income
the amount of goods and services that people can afford to buy with their income.
Keywords:  country, well, off, person
How well-off a person or a country is.
the level of material well-being of an individual or group.