Yes, it is true that the standard of living varies greatly among groups within a country as well as from nation to nation.
The level of comforts, amenities, and services that are available to a society or location as a whole, as opposed to just one person, is referred to as the standard of living. The standard of living is significant because it is thought to affect a person's quality of life. The economy of the country is divided into different sections which produce different services. The value of the services is also different, which affects the money earned by the people of the country. As per the money earned by the people of the country, the country is divided into different classes based on earnings which create different standards of living in the country.
Apart from this, there was several economic and social dimension and disparities existing in the nation which gives more way to a different standard of living. All these together affect the standard of living of the people of the nation.
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