FAQ About Old Money
How do Old Money families view luxury goods and conspicuous consumption?
Old Money families generally view luxury goods and conspicuous consumption with a degree of skepticism and reserve. This is because Old Money culture places a high value on discretion, understatement, and self-control. Rather than flaunting their wealth through ostentatious displays of material possessions, Old Money families tend to prioritize the cultivation of personal relationships and the preservation of their social status through their family lineage.
While Old Money families may still appreciate quality and craftsmanship in luxury goods, they are more likely to invest in classic and timeless pieces rather than the latest trends. They may also prioritize experiences and intellectual pursuits over material possessions, and may be more likely to spend their wealth on education, travel, and philanthropy.