Well off Definition 1 of 2Pro Tip 1/3Financial Status Indicates significant wealth, often implying no need to worry about basic financial needs. They're well off, affording luxurious vacations yearly. Pro Tip 2/3Relative Wealth Can be used comparatively, suggesting more wealth than average or reference group. Compared to their neighbors, they're quite well off. Pro Tip 3/3Understatement Sometimes used to modestly describe one's own or others' wealth without boasting. We're fairly well off but we still live modestly.