1. people who spend money or resources wastefully and recklessly
Usage: plural form
2. people who are completely lacking in moral principles; dissolute persons
Usage: plural form; formal

Examples

• The profligates spent their entire inheritance in just two years.
• Financial advisors warned against becoming profligates with credit cards.
• The novel depicted the profligates of high society and their excesses.
• History books describe the profligates who brought down ancient empires.
• The charity aimed to help reformed profligates manage their finances better.
• Critics called the politicians profligates for their wasteful spending policies.