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

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

Word History and Origins

Origin of standard of living¹

First recorded in 1900–05