Standard of Living- Factors Affecting

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  • Created by: Em
  • Created on: 01-04-16 12:46
Standard of living is defined as a measure of the good, services and luxuries available to an individual or household once what has been met?
Basic necessities
1 of 15
Financial resources available could come from what?
Employment, benefits, investments
2 of 15
Family groups with access to considerable financial resources are likely to have a...?
Higher standard of living
3 of 15
The reliance on 2 wages to buy and maintain a home means many households are increasing the risk of?
Financial hardship
4 of 15
Large households needs large incomes to maintain a...?
High standard of living
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Dependent members of a household could include children, unemployed, disabled and...?
Elderly
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A household with many dependent members can have a lower what?
Standard of living
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Can a household or family group with one or more high earning members have a higher standard of living
Yes
8 of 15
Can illness or disability affect the earning potential of a household?
Yes
9 of 15
The loss of earnings and the cost of illness can be a...?
Burden
10 of 15
Can living in rural areas increase transport cost?
Yes
11 of 15
Are certain parts of the UK more expensive to buy and property?
Yes
12 of 15
A household or family group with substantial debt may have a low standard of living as it will have less...?
Disposable income
13 of 15
Do the average family now spend more of it's income on repaying debts or paying mortgage?
Repaying debts
14 of 15
Is it true that many people live in a property that was constructed in the period after the second world war?
Yes
15 of 15

Other cards in this set

Card 2

Front

Financial resources available could come from what?

Back

Employment, benefits, investments

Card 3

Front

Family groups with access to considerable financial resources are likely to have a...?

Back

Preview of the front of card 3

Card 4

Front

The reliance on 2 wages to buy and maintain a home means many households are increasing the risk of?

Back

Preview of the front of card 4

Card 5

Front

Large households needs large incomes to maintain a...?

Back

Preview of the front of card 5
View more cards

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