Reply to Is Chevy Chase & Bethesda MD old money? When did the WASPs have a white flight of those areas?

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Reply to "Is Chevy Chase & Bethesda MD old money? When did the WASPs have a white flight of those areas?"

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[quote=Anonymous][quote=Anonymous]what exactly is old money? 
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i do not consider myself old money. my grandpa was middle management for a large company went to a state school, never earned much, will die with $4mm+, will pass on $1mm to 4 grandchildren. parents are from the south, went to state schools, sent me to private school then ivy, they're worth about $10mm, will pass on $5mm to two children. we are a two career family, make $500K in our 30's and live in one of the above cities, should eventually be quite wealthy [/b]

I've never belonged to a country club, my ancestors didn't come on the mayflower, and if you go back a generation beyond the grandparents, you'll get small time farmers and such. so yea, defintely not old money. I am a white anglo saxon protestant. [b]i've enjoyed loads of privilege, but not old money. 
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assuming i don't screw things up or death duties don't become too severe, each generation should get wealthier over time.  this should continue and eventually maybe some generation (my future grandkids???) will be considered old money? but is old money measured in generations (ie you're old money if your family has been wealthy for 5 generations) or is it measured by some absolute unmoving metric that is unattainable (ie you're old money if your family was wealthy in 1800/1900/1950). is it some absolute dollar number maintained over a number of generations (you're old money if you have $10mm for 10 generations?)

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[img]https://media4.giphy.com/media/llrYRS0vZXJDg8gFjQ/giphy.gif[/img][/quote]

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