STANDARD OF LIVING Definition & Meaning

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standard of living

noun

a grade or level of subsistence and comfort in everyday life enjoyed by a community, class, or individual.
The well-educated generally have a high standard of living.

standard of living

noun

a level of subsistence or material welfare of a community, class, or person

standard of living

A term describing the amount of goods and services that an average family or individual views as necessary.

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51�Թ� History and Origins

Origin of standard of living¹

First recorded in 1900–05

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Example Sentences

Examples have not been reviewed.

Lower energy prices mean the amount of money needed to meet a basic standard of living in retirement has fallen, a major report has found.

From

Absolute poverty measures how many people this year cannot afford a set standard of living.

From

Another source of squishiness is the disconnect between raw GDP figures and the standards of living in individual countries.

From

Their wages, while no doubt affording them a higher standard of living than other generations, still haven’t risen as quickly as inflation and the cost of living.

From

"Quality of life is more important than standards of living," she said.

From

standard normal distribution standard operating procedure

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