Living standards or living standard is used to refer to the level of comfort in which people live, which usually depends on how much money they have. Cheaper housing would vastly improve the living standards of ordinary people Critics say his reforms have caused the fall in living standards. the level of comfort and the amount of money that people have = standard of living
Your standard of living is the level of comfort and wealth which you have. We'll continue to fight for a decent standard of living for our members. A level of material comfort as measured by the goods, services, and luxuries available to an individual, group, or nation. the amount of wealth, comfort, and other things that a particular person, group, country etc has = living standard high/low standard of living. Level of material comfort that an individual or group aspires to or may achieve. This includes not only privately purchased goods and services but collectively consumed goods and services such as those provided by public utilities and governments. A standard of living determined for a group such as a country must be examined critically in terms of its constituent values. If the mean value increases over time, but at the same time the rich become richer and the poor poorer, the group may not be collectively better off. Various quantitative indicators can be used as measuring rods, including life expectancy, access to nutritious food and a safe water supply, and availability of medical care