What is the difference between "income" and "standard of living"? 
What is meant by the term "standard of living"?

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Clarification of Question by alwaysrelaxed-ga on 13 Jun 2004 17:33 PDT

Umm.. I need the answer in an hour or so... so if see it up and its
not canceled every second counts.

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Clarification of Question by alwaysrelaxed-ga on 13 Jun 2004 18:34 PDT

thats good enough for me.  I am not sure how a question gets closed
but the 3 bucks is yours.

I'm glad the links I found were helpful. I've reposted them below.

Spike's World: Standard of Living
http://spikesworld.spike-jamie.com/writings/standardofliving.html

Word IQ: Standard of living in the United States
http://www.wordiq.com/definition/Standard_of_living_in_the_United_States

In my view, the term "standard of living" encompasses much more than
just monetary income. It takes into account expenses, as well as
income, and may also include factors related to the ease and comfort
of life.

I would say that it's possible to have an adequate income, yet have an
unsatisfactory standard of living because of various societal,
geographic, and personal conditions. I don't think the reverse is
true; a person cannot have a good standard of living without having
sufficient income to cover basic such human needs as food and shelter.

Best regards,
pinkfreud

These articles may be of use to you:

http://spikesworld.spike-jamie.com/writings/standardofliving.html

http://www.wordiq.com/definition/Standard_of_living_in_the_United_States

thats good enough for me.  I am not sure how a question gets closed
but the 3 bucks is yours.