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:
1900–05

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
standard of living
 
n
a level of subsistence or material welfare of a community, class, or person

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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American Heritage
Cultural Dictionary

standard of living definition


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

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Example sentences
The rise in the material standard of living seems to be inseparably linked to
  increased energy usage.
The real question is the standard of living of people at every income level and
  whether the basic needs of the poor are being met.
Mainly because so far it has had surprisingly little impact on our standard of
  living.
The aggregate data show no long-run negative effect of population growth upon
  standard of living.
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