What does standard of living mean?

Definitions for standard of living
stan·dard of liv·ing

This dictionary definitions page includes all the possible meanings, example usage and translations of the word standard of living.

Princeton's WordNet

  1. standard of living, standard of lifenoun

    a level of material comfort in terms of goods and services available to someone or some group

    "they enjoyed the highest standard of living in the country"; "the lower the standard of living the easier it is to introduce an autocratic production system"

Wiktionary

  1. standard of livingnoun

    A relative measure of the quality of life of a person or group has.

Wikipedia

  1. Standard of living

    An individual's or a socioeconomic class's standard of living is the level of wealth, comfort, material goods, and necessities available to them in a certain geographical area, usually a country. The standard of living includes factor as a whole quality and availability of employment, class disparity, poverty rate, quality and housing affordability, hours of work are required to purchase necessities, gross domestic product, inflation rate, amount of leisure time every year, affordable (or free) access to quality healthcare, quality and availability of education, literacy rates, life expectancy, occurrence of diseases, cost of goods and services, infrastructure, national economic growth, economic and political stability, freedom, environmental quality, climate and safety. The standard of living is closely related to quality of life.

ChatGPT

  1. standard of living

    Standard of living refers to the level of wealth, comfort, material goods, necessities, and services available to a certain socioeconomic group or geographical area. It generally includes factors such as income, quality and availability of employment, class disparity, poverty rate, quality, and affordability of housing, hours of work required to purchase necessities, and accessibility of healthcare and education.

Wikidata

  1. Standard of living

    Standard of living refers to the level of wealth, comfort, material goods and necessities available to a certain socioeconomic class in a certain geographic area. The standard of living includes factors such as income, quality and availability of employment, class disparity, poverty rate, quality and affordability of housing, hours of work required to purchase necessities, gross domestic product, inflation rate, number of vacation days per year, affordable access to quality healthcare, quality and availability of education, life expectancy, incidence of disease, cost of goods and services, infrastructure, national economic growth, economic and political stability, political and religious freedom, environmental quality, climate and safety. The standard of living is closely related to quality of life. Standard of living is generally measured by standards such as real income per person and poverty rate. Other measures such as access and quality of health care, income growth inequality, Disposable Energy and educational standards are also used. Examples are access to certain goods, or measures of health such as life expectancy. It is the ease by which people living in a time or place are able to satisfy their needs and/or wants.

Editors Contribution

  1. standard of living

    A level of income that ensures each human being has their human rights and can live a moderate life, all beings earn and receive an identical amount of income.

    The planetary aspiration is for all human beings to earn and receive an identical income and standard of living to ensure true equality.


    Submitted by MaryC on January 19, 2021  

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Numerology

  1. Chaldean Numerology

    The numerical value of standard of living in Chaldean Numerology is: 4

  2. Pythagorean Numerology

    The numerical value of standard of living in Pythagorean Numerology is: 4

Examples of standard of living in a Sentence

  1. Trevanian from the novel "Shibumi":

    It was not their irritating assumption of equality that annoyed Nicholai so much as their cultural confusions. The Americans seemed to confuse standard of living with quality of life, equal opportunity with institutionalized mediocrity, bravery with courage, machismo with manhood, liberty with freedom, wordiness with articulation, fun with pleasure - in short, all of the misconceptions common to those who assume that justice implies equality for all, rather than equality for equals.

  2. President Ronald Reagan:

    There are many well-meaning people today who work at placing an economic floor beneath all of us so that no one shall exist below a certain level or standard of living, and certainly we don't quarrel with this. But look more closely and you may find that all too often these well-meaning people are building a ceiling above which no one shall be permitted to climb and between the two are pressing us all into conformity, into a mold of standardized mediocrity.

  3. State John Kerry:

    I ask anyone who questions the importance of the EU or its relationship with the United States, (to consider) not just the history that I articulated, but the increase of prosperity, the rise in the standard of living ... the better protection of rights for individuals in the EU, as a consequence of what we have done together.

  4. Joe Biden:

    People need a little breathing room, they're overwhelmed, and what happened was I think we have to just produce results for them in order to change their standard of living and give them a little more breathing room.

  5. Biden White:

    We're not going to deprive these executives their second or third home, travel privately by jet, it's not going to affect their standard of living at all. Not a little tiny bit. But I can affect the standard of living that people I grew up with.


Translations for standard of living

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"standard of living." Definitions.net. STANDS4 LLC, 2024. Web. 17 May 2024. <https://www.definitions.net/definition/standard+of+living>.

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