Literacy rate has a significant impact on the standard of living in Latin America. Higher literacy rates contribute to better access to education, job opportunities, and higher income. Literacy rates affect the quality of education, and individuals with higher literacy rates tend to have better job prospects and higher earnings. Illiteracy often leads to poverty, as it limits access to information and economic opportunities. Additionally, illiteracy can result in limited access to health care resources and the inability to understand and take advantage of available social services. Overall, literacy rates are a key factor in improving the standard of living.
