standard of living
noun [ C, usually singular ]
ukusplural standards of living ECONOMICS
the degree of comfort that people in a particular social class, country, etc. have, and the number and types of products and services that they can buy:
a basic/comfortable/decent standard of living Most people are failing to save enough to provide them with a decent standard of living in retirement.
a high/low/reasonable standard of living
improve/maintain/raise your standard of living