Discussions dedicated to this topic are very popular in our society. But the opponents normally only talk about specific figures, discussing salaries, general earnings and expenses of the population, completely forgetting the main question – what the phrase “standard of living” actually means?
Contemporary dictionaries cannot properly explain this term, because, first of all, they separate it from such terms as “level of prosperity” and “quality of life”, creating unnecessary entities and not allowing to look at the issue in general, and secondly, they try to limit this concept with only talking about material wealth, largely ignoring the non-material side of things. Continue reading