The words by themselves do not necessarily mean that anything is wrong. It all depends on how they are said, facial expression, context, etc. You know your friend and we don't, so just trust your instincts.
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CliveIn addition to the meaning in these entries, it can also be said if the speaker simply wants to be modest and/or does not want to discuss his situation. Many phrases can be used in this way.Ah! That clears it up a bit. Thank you!