Meredith was born in Portsmouth, England. His father inherited a seemingly prosperous Portsmouth naval outfitters and tailor shop from Meredith's grandfather but soon discovered that one reason for the shop's popularity with customers was that delinquent bills were rarely pursued. The Merediths ran the failing business at a loss for several years while living extravagantly on the dowry that Meredith's mother had brought into the marriage. Considering themselves superior to ordinary tradespeople, the Merediths unsuccessfully attempted to establish themselves as the social equals of the elegant patrons of the tailor shop. Meredith was sent to private schools and quickly learned to say nothing of his family's position, instead encouraging the assumption that he was of the gentry. Meredith remained secretive about his origins all his life, and much is unknown about his childhood because of his unwillingness to disclose details of this period.