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Standard of living is the level of income, comforts and services available to an individual, community or society.A contributing factor to an individual's quality of life, standard of living is generally concerned with objective metrics outside an individual's personal control, such as economic, societal, political, and environmental matters. [1]
In colonial America, the standard of living was high by 18th century standards. Americans could choose their diet from a diverse range of plants and animals from Europe and the Western Hemisphere, and this, combined with favorable weather conditions, ensured that Americans never had to deal with harvest failures.
Quality of life (QOL) is defined by the World Health Organization as "an individual's perception of their position in life in the context of the culture and value systems in which they live and in relation to their goals, expectations, standards and concerns".
Poverty is a state or condition in which an individual lacks the financial resources and essentials for a basic standard of living. Poverty can have diverse environmental , legal , social , economic , and political causes and effects. [ 1 ]
Americans are filled with angst about the economy and perceived declines in standards of living. Rising inflation has raised anxiety levels, along with losses in the stock market and other factors.
Daphne Greenwood and Richard Holt distinguish economic development from economic growth on the basis that economic development is a "broadly based and sustainable increase in the overall standard of living for individuals within a community", and measures of growth such as per capita income do not necessarily correlate with improvements in ...
The Resolution Foundation has warned of a 'weak' living standards outlook for middle-income households, which is ‘even worse’ for poorer families.
Pages in category "Standard of living" The following 12 pages are in this category, out of 12 total. This list may not reflect recent changes. ...