Crossword Genius

Lived with an old-fashioned boy having no employment (6)

Ross

I believe the answer is:

wasted

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'having no employment' is the definition.
I can't tell whether this definition defines the answer.

'lived with an old-fashioned boy' is the wordplay.
'lived' becomes 'was' ('be' can be a synonym of 'live').
'with' says to put letters next to each other.
'an old-fashioned boy' becomes 'ted' (I've seen this before. I am not sure about the 'old-fashioned' bit.).
'was'+'ted'='WASTED'

Can you help me to learn more?

(Other definitions for wasted that I've seen before include "Squandered or withered" , "Used to no purpose" , "Dissipated; atrophied" , "three sheets to the wind" , "Squandered, dissipated" .)

I've seen this clue in the Evening Standard.
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