Meaning of the word "standard of living" in English

What does "standard of living" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

standard of living

US /ˈstæn.dərd əv ˈlɪv.ɪŋ/
UK /ˈstæn.dərd əv ˈlɪv.ɪŋ/
"standard of living" picture

Noun

1.

the degree of wealth and material comfort available to a person or community

Example:
The country has a high standard of living due to its strong economy.
Improving the standard of living for all citizens is a key goal.
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