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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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