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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The entire United States is new money. It’s by definition. This country was buffaloes and Indians before the White man came. It’s all new money and anybody that appears wealthy is just 1 or 2 generations from wrangling cattle and planting corn[/quote]

It’s all relative.  I think if it’s more than 1-2 generations, it’s “old money.” To me, the Rockefellers are old money. Same with the Carnegies, Astors, and Gettys.  I would never call this new money.  [/quote]

Yes, I would agree. Once the family maintains their wealth for 3 generations they become old money. [/quote]

One line is almost bound to maintain it. Now that investments are more stable (it would be really hard to lose a fortune now, but it was common in the 19th century though the 20s and 30s), I would assume that any family crossing a certain threshold will be able to maintain it in perpetuity through most of their lines [/quote]

Funny I feel the opposite. Like we're all just a war away from losing it all. [/quote]

I agree.  I sometimes wonder if all that we enjoy today will be "stories of old" told by our kids/next generation about how people used to live so luxuriously....while they forage for food or try to stay alive in some occupied area of our (former) country[/quote]

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