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.
Also called living standard.

Origin of standard of living

First recorded in 1900–05

British Dictionary definitions for standard of living

standard of living

noun

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

Cultural definitions for standard of living

standard of living

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