What Are the Tell Tale Signs of 'New Money' People?

[Anonymous]

How old is old money? 2 generations? 5 generations?

[Anonymous]

Anonymous wrote:I grew up generic umc but went to waspy sleepaway camp with some old money in New England. I feel like their heyday was in the 80s and the culture started dying out closer to the new millennium. I always associated old money with old Volvos, llbean/old clothes, alcohol, cheap food when hosting, clambakes in summer at the Martha’s Vineyard house, extreme non showiness, decorum, tasteful $$ old houses, family compound summer houses in Maine / Nantucket / mv, liberal arts degrees (college is not vocational school),prep school, men not showing their toes (ie boat shoes instead of flip flops). I’m not sure though to what extent this culture even exists anymore

You just haven’t been around these folks since camp—nothing is dying out.

[Anonymous]

Our money is new money because we earned it and didn’t inherit it. But our values about money really come from our MC upbringing. We can afford any high end car but I drive a Subaru Forester because it’s reliable, practical and can carry all the junk I tend to gather. I’m sure we’d be classified as ultra high net worth but I doubt most people would know it.

[Anonymous]

Anonymous wrote:Our money is new money because we earned it and didn’t inherit it. But our values about money really come from our MC upbringing. We can afford any high end car but I drive a Subaru Forester because it’s reliable, practical and can carry all the junk I tend to gather. I’m sure we’d be classified as ultra high net worth but I doubt most people would know it.

Fascinating addition to the conversation.

[Anonymous]

I used to babysit for rich people back in HS and college. I didn’t know the difference until my mom asked me questions about them. “If they name drop people, vacation destinations, schools, etc and see if you react, they’re probably new money.”

[Anonymous]

Anonymous wrote:I used to babysit for rich people back in HS and college. I didn’t know the difference until my mom asked me questions about them. “If they name drop people, vacation destinations, schools, etc and see if you react, they’re probably new money.”

Says the people that use “summer” as a verb…give me a break

[Anonymous]

Anonymous wrote:Also, trip to Iceland and Disney cruise.

Too far. Iceland and Disney cruises are awesome. Enjoy our joyless existence *wipes tears with fresh Benjamins*

[Anonymous]

Anonymous wrote:I come from no money whatsoever, but have several old money friends from school. Thing is, I never learned they were even wealthy — much less, WEALTHY — until years later when I visited their families. They didn’t talk about money AT ALL. It was a huge surprise to me.

Do you remember their hobbies and interests? Was it just the usual - tennis, horses, sailing?

[Anonymous]

Boat shoes and pearls. Sigh. The good old days. My household name old money friend's hobbies included musical theater (performing Gilbert&Sullivan) and carriage driving.

[Anonymous]

New Money are the kind of people who have to buy their silver.

[Anonymous]

New money is high income people who spend what they earn, live high on the hog but have a low net worth.

[Anonymous]

Anonymous wrote:Stock portfolio comprise of mostly high tech stocks, no names of high fliers from last century like GE, IBM, Procter & Gamble.

What an idiot!

[Anonymous]

You just haven’t been around these folks since camp—nothing is dying out.

You’re probably right! I married a country boy from the Tennessee hills and we live in Missouri now. Good to know the culture is alive and well.

[Anonymous]

Old money: you show up at their multimillion oceanfront compound and are greeted by who think is the maintenance worker- or better yet, the owner is riding his bulldozer to move some of his boulders imported from Montana. Because he took a 60-day heavy machinery training program.

[Anonymous]

Anonymous wrote:How old is old money? 2 generations? 5 generations?

If it’s 5 generations and they’re still rich, that means someone has made or added money along the way.