Definition of “standard of living” - English Dictionary

british dictionary

“standard of living” in American English

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standard of livingnoun [ C usually sing ]

us /ˈstæn·dərd əv ˈlɪv·ɪŋ/

the level of wealth and comfort people have in a particular society:

Our country has a very high standard of living.

(Definition of “standard of living” from the Cambridge Academic Content Dictionary © Cambridge University Press)

“standard of living” in Business English

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standard of livingnoun [ C, usually singular ]

uk us plural standards of living

ECONOMICS the degree of comfort that people in a particular social class, country, etc. have, and the number and types of products and services that they can buy:

a basic/comfortable/decent standard of living Most people are failing to save enough to provide them with a decent standard of living in retirement.

(Definition of “standard of living” from the Cambridge Business English Dictionary © Cambridge University Press)