Meaning of the word "go down in the world" in English

What does "go down in the world" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

go down in the world

US /ɡoʊ daʊn ɪn ðə wɜːrld/
UK /ɡoʊ daʊn ɪn ðə wɜːrld/
"go down in the world" picture

Idiom

1.

to become less successful or to lose social status or money

Example:
After losing his job, he really started to go down in the world.
It's sad to see how some once-wealthy families can go down in the world so quickly.
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