Social Sciences and the Law

What is considered when evaluating the standard of living?

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Factors such as discretionary income are important, but standard of living includes not only the material articles of consumption but also the number of dependents in a family, the environment, the educational opportunities, and the amount spent for health, recreation, and social services.

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Similar questions: Does the number of dependents affect the standard of living? How does material consumption measure into standard of lving? [ Hide these questions ]

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