does an increase in the standard of living bring with it a better life style
... /standard of living /etc…. ... Another factor to take into account is that inflation increases the money value of national income but does not provide us with any more goods to consume. Which leads on to standard of living. A high standard of living means households consume a large number of goods and services. Living standards can be measured quite easily one method is simply to count the percentage of people owning consumer durables such as cars, televisions, etc. An increase in ownership indicates an improved standard of living. A third method of calculating living standards is by noting how long an average person has to work to earn enough money to buy certain goods. If people have to work less time to buy goods, then there has been an increase in the standard of living. National Income does not take unemployment & working life cycle into account, for example in the UK at the moment National Income is really high right now. ... The other question that should also be addressed is does an increase in the standard of living bring with it a better life-style? ... Ø Leisure time is reduced to achieve the production increase. Ø There is an increase in the amount of stress and anxiety in society.