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English definition of “live on sth”

live on sth

phrasal verb with live     /lɪv/ verb
if you live on an amount of money, that is the money that you use to buy the things that you need: Nearly 5 million of Morocco's 33 million people live on less than $2 a day, according to the World Bank.live on a budget/a low income/a fixed income etc. Many retired people living on fixed incomes need to estimate what the purchasing power of money will be over long periods in the future.
(Definition of live on sth from the Cambridge Business English Dictionary © Cambridge University Press)
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