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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.
Old money is the wealth that has been passed down from generation to generation. This is the inherited money that helps keep rich people wealthy.
What is Old Money?
The new money is the money that has been acquired in the first generation. These are those super famous athletes, entrepreneurs, musicians, and even prominent corporation CEOs.
What is New Money?
There are plenty of old money families still running around in the U.S. Europe is full of more old money than the U.S. As we think of some of these families, you recognize the names.
Is Old Money Still A Thing?
Differences Between Old Money vs New Money
Old money individuals have always lived with wealth. But When you are suddenly enriched with tons of money, you are not in the mindset of knowing what to do with it.
Old Money Preserves, New Money Spends
A lot of the old money folks are some of the elitists from the Northeastern part of the U.S. The new money folks are those that are not in that high-class society. They may have grown up poor or even came from middle-class families.
The Social Perception
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