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English definition of “know when you are well off”

know when you are well off

If you do not know when you are well off, you do not understand that your present situation is good compared with other people's or with what it might be like: She's always complaining about her car - she doesn't know when she's well off (= she's lucky to have a car even if it's bad)!
(Definition of know when you are well off from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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