"Temporarily embarrassed millionaires" is a humorous and somewhat self-deprecating term used to describe people who are wealthy but are currently experiencing a period of embarrassment or failure. The phrase is often used to describe individuals who are used to success and luxury but are now facing a temporary setback or awkward situation.

It's a lighthearted way to refer to people who are "on the brink of ruin" or who are going through a "downward spiral" — especially in a funny or relatable way.