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Understanding the Standards of Living

The right to an inadequate to standard of living will need a minimum that everyone enjoys the necessary subsistence rights which are: clothing, adequate food and nutrition, housing and also the necessary conditions of care when needed. The important thing is that everyone should be able or without shame and without unreasonable obstacles in order to be a full participant in ordinary, everyday interaction with other people. Which is why, people must be able to enjoy their basic needs in conditions of dignity. No one deserves to live in conditions to where the only way to satisfy their needs is through degrading themselves or in depriving themselves of the basic freedoms such as prostitution, begging or forced labor.

In pure material terms, adequate standard of living implies on the case of living above the poverty line which according to the World Bank includes two elements which are the expenditure necessary to buy a minimum standard of nutrition and other basic necessities and further amount which varies from every country, which reflects the cost of participating in everyday life of society.

The economic, social and cultural rights are the things that instruments and establishes the principle of the progressive realization, where such principle does not exclude with immediate obligations or the steps towards this goal should be taken immediately. In addition to the prohibition of discrimination towards any kind regarding on the access to adequate food, clothing and housing on the grounds of language, sex, race, color, religion, age, political or other opinion, property, birth, national or social origin or other status, with the purpose of nullifying or impairing the equal enjoyment or exercise of this right, which is an immediate application for the states parties to major human rights treaties.

The standard of living of a person is not being determined only by himself or by his desires. It’s essential that he considers what society expects of him as well. This is considered to be a compromise between what he likes and on what society expects.

The quality of life is actually highly subjective measure of happiness to which is a crucial component towards various financial decisions. Factors to which plays a role in quality of life will vary based on your personal preference, but it usually includes financial security, family life, job satisfaction, safety and health. Financial decisions mostly involves a tradeoff to where quality of life is decreased to help save money or that the quality of life is increased through spending more money.