Old Money Vs New Money [Explained]

In the most simple of terms, old money is money that has been around for a long time and new money is money that was created within the last few years.

Understanding New Money And Old Money

The dichotomy between New Money and Old Money is a fundamental element of social understanding. It is a field of social science study of human relationships.

What Is Old Money?

Generally, “Old Money” is a reference to a social class commonly known as the “upper class” or “privileged class.” It is usually associated with inherited wealth or generational wealth.

Does Old Money Still Exist?

The survival of “old money” wealth among generations of heirs depends on what the heirs do with their share. In some cases, heirs have taken what they inherit and multiplied it by their industrious efforts.

What Is New Money?

Simply put, new money is wealth that is not “old money”. It lacks one or both of two fundamental characteristics. It is not inherited. It has not aged for enough generations. It is typically self-obtained wealth.

When Does New Money Become Old Money?

Perhaps never. If it is not sustained and built on but rather dissipates or is squandered before it can survive multiple generations, new money will never see the day it is considered old money.

Is “New Money” An Insult?

The newly rich are often held in contempt by both “old money” and lower classes alike. Old money people view the newly rich as boorish and the antithesis of good breeding. They are metaphorically looked down upon by old money because they are perceived as a lower class.

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