Standard-of-living
noun
1.
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
1.
a level of subsistence or material welfare of a community, class, or person
standard of living definition
A term describing the amount of goods and services that an average family or individual views as necessary.
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