standard of living
noun phraseDefinition 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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“Standard of living.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/standard%20of%20living. Accessed 28 Jun. 2022.
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The first known use of standard of living was in 1890
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