Old Money vs New Money: What’s the Difference?
There are two sides to wealth. There is old money vs new money. Each one has its place in society, but they have been built differently and act in different ways.
What is Old Money?
Old money is the wealth that has been passed down from generation to generation.
What is New Money?
If old money is considered that which is passed down, then new money is the money that has been acquired in the first generation.
Here are 5 Differences between Old Money vs New Money:
1. Old Money Preserves, New Money Spends
2. The Social Perception
3. Inheritance vs Earned Money
4. Stealth Wealth
5. Generosity is a Benefit
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