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living standards is a noun meaning "a level of material comfort in terms of goods and services available to someone or some group". It carries one recorded sense.
a level of material comfort in terms of goods and services available to someone or some group
“they enjoyed the highest standard of living in the country”
“the lower the standard of living the easier it is to introduce an autocratic production system”
Definitions, synonyms and semantic relations for living standards come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.