Old money is "the inherited wealth of established upper-class families (i.e. gentry, patriciate)" or "a person, family, or lineage possessing inherited wealth." The term typically describes a class of the rich, who have been able to maintain their wealth across multiple generations.
Read more about Old Money: United States, Europe, Effects of World War II
Famous quotes containing the word money:
“I sincerely believe ... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”
—Thomas Jefferson (1743–1826)