'better-off' definitions:

Definition of 'better-off'

From: GCIDE

better-off \better-off\ adj.
1. being in a more prosperous condition. better-off than his classmate [Narrower terms: rich (vs. poor)] WordNet 1.5]
2. in a more fortunate condition. she would have been better off if she had stuck to her Bible
Syn: better off. [WordNet 1.5]