lead the life of riley meaning

[American idiom]
to live in luxury. (Informal. No one knows who Riley is.)
If I had a million dollars, I could live the life of Riley.
The treasurer took our money to Mexico, where he lived the life of Riley until the police caught him.

[American slang]
Fig. to live in luxury. (No one knows who Riley alludes to.)
  If I had a million dollars, I could live the life of Riley.
  The treasurer took our money to Mexico, where he lived the life of Riley until the police caught him.

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