"Standard of living refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area, usually a country. The standard of living includes factors such as income, quality and availability of employment, class disparity, poverty rate, quality and affordability of housing, hours of work required to purchase necessities, gross domestic product, inflation rate, amount of leisure time every year, affordable (or free) access to quality healthcare, quality and availability of education, life expectancy, incidence of disease, cost of goods and services, infrastructure, national economic growth, economic and political stability, political and religious freedom, environmental quality, climate and safety. The standard of living is closely related to quality of life." https://en.wikipedia.org/wiki/Standard_of_living
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Poor definition, having little or no money, goods, or other means of support: a poor family living on welfare. See more.
Poverty definition, "the
state
or
condition
of
having
little
or no
money,
goods,
or
means
of
support;
condition
of
being
poor."
https://www.dictionary.com/browse/poverty
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