STANDARD OF LIVING

What measures Standard of Living?

High Life Expectancy ( over 70 yrs)

Good Healthcare ( Low Infant Mortality Rate)

Education (High Literacy Rate of 90%

and higher)

High Per Capita Income ($ 15,000

and above)

High Employment Rate

Urbanization (cities)

Abundant Resources

Trade Routes (Near Water)

Any other ways to measure standard of living?

DEVELOPING VS. DEVELOPED

Look at the pictures and determine if the people are living in a developing country or a developed country.

What clues help you figure out the type of standard of living?

Guatemala: Developed or Developing?

Mexico: Developed or Developing?

Honduras: Developed or Developing?

Brazil: Developed or Developing?

Basic Needs vs. Wants

• List out all of your Basic Needs for survival under the basic needs column

• List all of your Wants and the resources that are used to make your wants in the wants column.

Use These Necessities….Need to Add up to $365!!!!

• Food = $50-100per year• Housing = $ 60-100 per year • Clothing = $ 10-50 per year • Transportation = $ 30-80 per year • Taxes = $ 50 per year • Medical Care = $ 50-100 per year • Extra Things (entertainment, vacations,

sports, etc.) = $ 50-100 per year

Budgeting $365 a year

• Imagine you made only $365 a year in your country. You need to budget out your basic needs with this income in order to survive.

• Fill in the chart and the dollar amount that you would use. Your total will add up to $365.

What would be your first priority?

How would your lifestyle choices change?

What other forms of jobs or means would you do to get more money?

Some countries in Latin America are developed by only a few people actually

live wealthy lifestyles

How can we close the income gap and help the

poor?