From Longman Dictionary of Contemporary Englishbadly offˌbadly ˈoff adjective (comparative worse-off, superlative worst-off) [not before noun] especially British English 1 POOR (also bad-off American English) not having much money SYN poor OPP well-off2 → badly off for somethingFrom Longman Business Dictionarybadly offˌbadly ˈoff adjective not having enough money to live comfortablyMy wife and I are not badly off as we have the state pension and my police pension. → opposite well off
