Half a year ago I discussed the contemporary use - and much more often, misuse, of the word "lifestyle" on this blog.
Your standard of living is a matter of how much money you make.
Your quality of life is an evaluation of your general well-being – of which income is only one part, as matters like physical health, leisure and social life enter into it.
A way of life is something you're born into, or adopted into, or adopt yourself. A culture has a way of life, and one shares that way of life when they belong to that culture.
A lifestyle is something an individual picks out of a catalog. It is something few people actually have, and it is not be confused with any of the others.
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