Quantitatively speaking, the quality of life index in my opinion does a good job of tracking the standard of living.
Quote:
The Quality of Life Index (higher is better) is an estimation of the overall quality of life by using an empirical formula that takes into account the following factors:
Purchasing Power Index (higher is better)
Pollution Index (lower is better)
House Price to Income Ratio (lower is better)
Cost of Living Index (lower is better)
Safety Index (higher is better)
Health Care Index (higher is better)
Traffic Commute Time Index (lower is better)
Climate Index (higher is better)
|
In Canada, this has been trending down every year since I could pull data, so 2012.
https://www.numbeo.com/quality-of-li...?title=2013-Q1