The right for an adequate standard of living will need a minimum, that all people enjoy the necessary subsistence rights which would be having adequate food and nutrition, clothing, housing and all the necessary conditions of care when required. 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. This in fact is why it’s important that people are able to enjoy their basic needs in conditions of dignity. No person deserves to live in conditions to where the only way to satisfy their needs is in degrading themselves or in depriving themselves from the basic freedoms, through forced labor, prostitution or begging.
In a purely material term, adequate standard of living means the process of living above the poverty line of where the society concerned, which based on the World Bank includes two elements from which is the expenditure necessary in buying a minimum standard of nutrition and other basic necessities and further amount that varies from country to country, which reflects the cost of participating in the 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. Another addition is on the prohibition of discrimination of any kind with regards to access to adequate food, clothing and housing on the grounds of sex, color, race, age, language, political, religion or other opinions, property, national or social origin, birth or other status with the purpose of nullifying or in impairing the equal enjoyment or the exercise of its rights, which is an immediate obligation for state parties to the major human rights treaties.
The standard of living of a person is not being determined only by himself or based on his own desires. It’s essential that he considers what society expects of him as well. It simply compromise between what he likes and on what to say to expect.
The quality of life is actually highly subjective measure of happiness to which is a crucial component towards various financial decisions. Factors that plays a role on the quality of life will have its variation based on your personal preference, but it mostly includes family life, financial security, job satisfaction, health and safety. 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.