Pa and Ma and Sis and Jimmy
Went out for a drive and some drunken lawyer hit 'em
Everybody but the lawyer died.

Pa had lots of debts so I went and sold the farm
I'm living in a tenament and I'm starvin'
I've got rat bites on my arms.

(Chorus)
Yeah, but life could be worse, things could get bad
I'm lucky I guess to remember what I had, ohh

Waiting in the line one day for a
Bit of soup and bread I met Miss Alicia
And this is what she said

"Keep your chin up Bobby, smile when you talk"
Then she went away now,
She went away with Pa's gold watch.
[ Lyrics from: http://www.lyricsfreak.com/b/barney+bentall/life+could+be+worse_20737306.html ]
(Chorus 2)
Yeah, but life could be worse, things could get bad
I'm lucky I guess to remember what I had, ohh
I'm lucky I guess to remember what I had.

Now I'm working out on Davie Street
For a man called Eddie Bones, I give him half of what I make
And he leaves me alone.

I don't deal no rough trade, like the corner cowboys do
I'm a temporary resident
Of Lonely Avenue.

(Chorus 3)
Yeah, but life could be worse, things could get bad
Life could be worse.
Life could be worse!
I'm lucky I guess to remember what I had, ohh
I'm lucky I guess to remember what I had, ohh
I'm lucky I guess to remember what I had.