The Standard 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. An essential point is that everyone should be able and without shame or unreasonable obstacles to become a full participant for ordinary and everyday interaction with other people. Which is why it’s important that people are 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.
When it comes to material terms, adequate standard of living simply means living above the property line of the society’s concern, which according to the World Bank includes two basic elements, which is the expenditure necessary in buying a minimum standard of nutrition and other basic necessities and further amount that varies from every country, which reflects on the cost of participating in everyday life of society.
The social, economic and cultural rights are the things which instruments and establishes the principle of the progressive realization, and such principle don’t exclude the 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 living if a person is not determined only by himself or base on his desires. He also needs to consider what the society expects of him. This is considered to be a compromise between what he likes and on what society expects.
Quality of life is a high subjective measure of happiness which is a crucial component for many 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 usually involves a tradeoff to where the quality of life is decreased so that it could help save money or that the quality of life is increased through the case of spending more money.