What does "better off" mean?

Native speaker’s answer
Rebecca
"Better off" means to be in a better position, especially financially. You may also hear the phrase "well off," which has a similar meaning as better off, but it really only focuses on the financial aspect. Ex: She is better off financially than I ever will be. Ex: He is better off without her. Ex: We are better off living in a small town than in a large city.