Is one's standard of living the same as one's quality of life? Can a person be materially well off (high standard of living), but unhappy (low-quality of life) ?

Answer: Yes of course, both terms are different. because standard of living and quality of living are two diffrent things. Reason is that if a person has high level of worth but may not has happiness in his/her life. so both terms are different.

Explanation:

Standard of living refers to the level of capital, worth, luxury, material and basic necessities available to a certain socio economic class or geographic area. While on the other hand, quality of Life is a subjective term that can measure happiness.

Both terms are often confused because there may be some perceived overlap in how they are defined.

The quality of life is more subjective. The United Nations Universal Declaration of Human Rights considers freedom from slavery and torture, equal protection before the law, the right to privacy and marriage, the right to have a family and vote, and other factors Evaluate the quality of life.

Explanation:

Your standard of living is defined by the way you can afford to live, which makes you dependent on your salary, bills and savings. Determine the neighborhood in which you live, the type of material goods you can buy, the type of vacation you can take, etc. The standard of living has some options, because while you may be able to pay for expensive items, high-priced neighborhoods, etc., you don't really have to choose to spend your money that way. Instead, you can choose to live below your means. However, you can also choose to live above your means, which means that you create a standard of living that your income cannot support. While you can live below your means forever, living above your means is not sustainable and will eventually reach you. It could also create so much debt that it severely affects the level of real life that you can pay now and later. Quality of life Your quality of life has little to do with income. Instead, he focuses on his ability to spend his time doing the things that matter most to him. While someone with low income may have to spend more hours working and have fewer personal hours, their quality of life can still be determined by how they decide to spend those few hours of personal time.