What is the relationship between living standards and living costs?
The relationship between living standards and living costs is that the higher the standard of living, the more expensive it will become an individual to maintain or even measure up to the standard. The standard of living is artificial and is predestined or determined by authorities or by the government as a peaceful living. Determination of the standard of living makes it possible to assess its developmental objectives and regularly evaluate the percentage of the population that meets the goal. Society also contributes to the introduction of the standard of living through their lifestyle selection and their unquestionable adoption of the artificial standards on which they hold on. This type of mentality is partially amplified by the availability of a mold loan to facilitate such a lifestyle. The relationship between living standards and living costs can be seen when people decide to spend money they do not have to achieve or maintain the standard of living they believe they are entitled.
How does life increaseThe level increases the related costs of its maintenance, although income to maintain increased expectations will not increase in a suitable way. Sometimes the expectations of the required living standards of individual traps in a vicious cycle from which they may feel helpless to free themselves. For example, the more money the individual earns, the higher the expectations of the standard of living in relation to its financial status. As a result, the cost of living for these individuals is even more, which means that they have to make more money to maintain the standard.
The comparison of the cost and standard of the past further illustrates the relationship between living standards and living costs. In the past, before the arrival of many technological aids and equipment for saving, the standard of living was relatively simple and the cost of living was also really affordable. At that time, the main desires were good living, food, clothes and medical care. With the advent of technology, individuals must consider complementing the receiving standard of living that often includes a phoneY, internet, heating and cooling, vehicles and cooking, education, entertainment and holiday. All these requirements are added up and contribute to increasing the cost of living.