livingstandardgauge
nounUK /ˈlɪvɪŋ ˈstændəd ɡeɪdʒ/
US /ˈlɪvɪŋ ˈstændərd ɡeɪdʒ/
A tool that shows how well people in a place can live.
The livingstandardgauge showed that the town was getting richer.
RELATED WORDS
OTHER MEANINGS
2. A chart comparing how comfortably people live in different countries.
The report used a livingstandardgauge to compare the two nations.
3. A score used by planners to judge if a community's basic needs are met.
Planners checked the livingstandardgauge before building new homes.
4. An informal way to describe anything that measures everyday comfort and money.
Her budget spreadsheet was her own little livingstandardgauge.