People often say "run towards a well-off society". What does "well-off society" mean?

Well-off society refers to the gratifying scene that the family economy is relatively affluent, the life is relatively stable, the broad masses of people live and work in peace and contentment, and the family economic life is relatively rich.

The definition of "well-off" unde Engel's coefficient

-FAO criteria for dividing the rich and the poor

"Food is the most important thing for the people". Of all the consumption materials, food is the most important and basic. Therefore, the consumption structure is generally expressed by the percentage of food expenditure to total consumption expenditure (food expenditure ÷ total expenditure x 100%= Engel coefficient). According to the international popular view, the less income, the greater the proportion of food in total expenditure. This was first put forward by German statistician Ernst Engel in the middle of19th century, so it is called "Engel's coefficient" (also known as Engel's law). Engel was an administrative official and statistician in Germany in the19th century. He used to be a mining engineer and later became the director of Saxony regional statistics bureau. He was the first to explore the law of income and expenditure under various expenditure ratios.

Generally speaking, the lower the Engel coefficient, the higher the living standard; The higher the Engel coefficient, the lower the living standard. As far as a country is concerned, the poorer the country, the greater the proportion of consumers' average expenditure on food in total income; The richer a country is, the smaller the proportion of consumers' average expenditure on food to total income. According to Engel's coefficient, FAO has a standard to divide the rich and the poor, that is, those with Engel's coefficient above 60% are absolutely poor, 50%-60% are barely living, 40%-50% are well-off, 30%-40% are rich, and those below 30% are the richest. According to the data of China's National Bureau of Statistics, the household consumption composition of urban residents in China in197 is: food 46%, housing 9%, clothing 12%, transportation and communication 6%, medical care 4%, education, culture and entertainment services 1 1%, household equipment and services 8%, and others 4.