Green’s Dictionary of Slang

bobo n.3

[abbr.; ult. Fr.; also note ref. to ‘bourgeois-bohemian’ (of a bar) in Gaedicker’s Sodom-on-Hudson (1949)]

a bourgeois bohemian, thus attrib .

[UK]Guardian G2 31 May 5: ‘Are you a Bourgeois Bohemian?’ Bobos, we learn, are an entirely new breed – the ‘enlightened elite of the information age, their lucratively busy lives a seeming synthesis of comfort and conscience, corporate success and creative rebellion’.
[UK]Guardian Weekend 3 June 5: Bobo chic west London penthouses.
[Aus]Sun. Herald Sun (Melbourne Aus.) 9 Mar. Z/27: (The green consumerist approach) persuaded the Bobos (bourgeois bohemians), already the most spoilt generation in American history, that they can have their cake and eat it.
[UK]J. Meades Empty Wigs (t/s) 713: It was like she was dressed for clubbing with a toy boy [...] rather than a bobo supper (never dinner).