Meaning of the word "down and out" in English

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

down and out

US /daʊn ənd aʊt/
UK /daʊn ənd aʊt/

Idiom

having no money, no job, and nowhere to live

Example:
After losing everything, he was completely down and out.
The economic crisis left many families down and out.