If a person supplements his current income by drawing on past savings in order to make both ends meet, he is said to be living

Answer Details

If a person is using their past savings to make up for a shortfall in their current income, they are said to be living on their savings. This means that they are not earning enough money to cover their expenses and are relying on their savings to maintain their current lifestyle. While it may help them in the short term, it is not a sustainable way of living as eventually, their savings will run out. It is important to manage one's finances carefully and plan for unexpected expenses to avoid having to rely on savings to cover regular expenses.