FAQ About Old Money

The opposite of Old Money rich is often referred to as "New Money." New Money refers to individuals or families who have recently acquired wealth and are not part of the traditional upper class or established wealthy families. Unlike Old Money, New Money is often associated with flashy and ostentatious displays of wealth, and a lack of cultural refinement or education.

New Money individuals may have gained their wealth through entrepreneurship, entertainment, or inheritance, among other means. They may be more likely to indulge in conspicuous consumption and spend money on luxury items such as expensive cars, designer clothing, and flashy jewelry.