Answered

One's standard of living is:

A. How your parents decide to take care of you as an adult.

B. The level of happiness one is able to feel due to the amount of material goods they are able to acquire.

C. The level of wealth available to a certain socioeconomic class in order to acquire the material necessities and comforts to maintain its lifestyle.

D. The amount of money one puts away in the bank for retirement.



Answer :

GinnyAnswer

Final answer:

Standard of living is the level of wealth available to acquire material goods and comforts to maintain a lifestyle, influenced by various factors like income and class.


Explanation:

Standard of living refers to the level of wealth available to acquire material goods and comforts to maintain a particular socioeconomic lifestyle. It is influenced by factors like income, employment, class, and housing affordability. A high standard of living indicates a high quality of life, allowing individuals to afford necessities and luxuries.


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