Standard of Living of the Population in Foreign Countries

Abstract

The conducted research of the standards of living of the population revealed the following: a characteristic feature of modern approaches is a more comprehensive consideration of human needs, which includes both material and spiritual components; as the main markers of the standard of living, the income of the population, the provision of housing, access to educational and medical services, and environmental conditions are mostly considered; the assessment of the main characteristics and indicators of the standard of living of the world's leading countries shows that the countries of the Eurozone demonstrate primacy in most parameters, however, the coronavirus crisis and russian military aggression against Ukraine have significantly narrowed the governments' ability to maintain high living standards of the population; it was determined that the basis for maintaining a consistently high standard of living in the leading countries was the income policy pursued by their governments, which consists, first of all, in maintaining a high level of labor costs, and therefore, high wages.