standard of living
noun phraseUK /ˌstændəd əv ˈlɪvɪŋ/
US /ˌstændərd əv ˈlɪvɪŋ/
How much money and comfort a person or group has in daily life.
The new jobs helped raise the standard of living in the town.
RELATED WORDS
OTHER MEANINGS
2. The level of goods and services available to a person or community.
The country's standard of living has improved over the past decade.
3. The degree of material comfort and wealth considered normal in a society.
Many families struggle to maintain a decent standard of living.
4. A measure used by economists to compare how well people live in different places.
Economists use the standard of living to compare countries.