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standard of living

Definition of standard of living

1 :the necessities, comforts, and luxuries enjoyed or aspired to by an individual or group
2 :a minimum of necessities, comforts, or luxuries held essential to maintaining a person or group in customary or proper status or circumstances

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First Known Use of standard of living

1890

Learn More about standard of living

  1. Britannica.com: Encyclopedia article about standard of living

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