"material condition" is correct and usable in written English.
You can use it to refer to "the physical, economic, social, legal, or political situation of an individual or group". For example, "The material condition of the homeless population in this city is particularly dire."
At the time of his largest paper profit, Mr. Kansas discussed, in a number of interviews, his material condition and his limited material wants.
JPMorgan said on its conference call last night that there was no material adverse change clause in the merger agreement and that the only material condition is the "shareholder approval".
Together they offered a representation of this universe radically slanted toward the poetic — "a life abjectly poor in its material condition, and in its spiritual condition, exaltedly religious," in the words of the preface to "Polish Jews".
For Christian missionaries, medical advances in the 19th century made material healing an important adjunct to the spiritual work of evangelists; no doubt, tangible improvements in the material condition of the people also assisted the spiritual "healing" required in the conversion of the heathen; and the importance of the human often took precedence over a theoretical religious "mission".
Eliot Brenner, an N.R.C. spokesman, said in an e-mail that the agency had also made several changes to its guidelines after the Byron case, including provisions that require inspectors to "tour areas that become accessible on an infrequent basis to assess the material condition and status of safety systems, structures, and components".
Before a system orchestrated by the market can replace one built on obedience to communal or authoritarian pressure, the social orders dependent on tradition and command must be replaced by a new order in which individuals are expected to fend for themselves and in which all are permitted even encouraged to improve their material condition.
