Reply to Where does this notion come from that wealthy people don't drive nice cars?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The humble millionaire next door seems like nonsense to me; rich people are not driving 25 year old Volvo station wagons. And everyone with a nice new luxury car obviously isn't broke and overextended. I'm currently in a swank town and every car is a new Range Rover, Porsche crossover, Tesla, or Audi-BMW-Mercedes (they all look alike). The worst car I see are new Chevrolet Tahoes, which are like 80 grand. If that humble old money thing ever existed, it certainly doesn't anymore.[/quote]

It’s quite simple really, and all whether your wealth is born from new money or old money.

New Money = overly luxurious and flashy 
Old Money = reserved and practical

After all, if you spent much of your life in poverty and suddenly acquired wealth through new money (think recent Stanford CS grad working in AI that emigrated from India), wouldn’t you want to spoil yourself with a Tesla? You worked hard for it after all and probably don’t mind if know.

[b]Similarly, if you grew up with extreme wealth and drove around in Mercedes and Range Rovers your entire life (think trust fund babies living in NW DC), wouldn’t you try to downplay some of your inherited wealth by driving a more modest car? It’s embarrassing after all to be a person whose wealth was all given to them and not earned. [/b][/quote]

:roll: This is such a reddit-tier take on wealth. No. Silver spoons who grew up steeped in wealth and privilege are never downgrading their lifestyle to a crummy car nor are they eating rice and canned beans to fit in with the peasants. They are used to luxury. They get a new Audi, Tesla or Bronco for their 16th birthday. And they rack up eye-popping sums ubering everywhere.[/quote]

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