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Today, when SDG 1 sets a goal for the entire world community to eliminate poverty in all its forms, it means that the SDGs recognise the multidimensional nature of poverty, and using only monetary components to assess this phenomenon is no longer sufficient.

The standard of living of the population is characterised not only by the amount of income per capita, but also by the ability to meet the needs at the expense of this income, i.e.

Plans and preparations for a multidimensional poverty measure, Inna Konoshonok (Belarus) | UNECE

 Living standards in the context of rising prices, Inna Konoshonok (Belarus)