Old money

Old money (sometimes referred to as Family Cash, Family Money, or "vieux riche") 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 over multiple generations, often referring to perceived members of the de facto aristocracy in societies that historically lack an officially established aristocratic class (such as the US).

American locations that are associated with old money include the Upper East Side of Manhattan; Westchester County, New York; Long Island's North Shore; Fairfield County, Connecticut; Newport, Rhode Island; Boston's Back Bay and Beacon Hill; Weston, Winchester and Wellesley, Massachusetts; Philadelphia's Main Line and Society Hill; Pittsburgh's Sewickley; Cleveland's Shaker Heights; Chicago's North Shore suburbs; and the Grosse Pointe area of suburban Detroit, Michigan. Ironically, these areas' inhabitants that are colloquially described as "old money" are almost always descendants of the people the term "nouveau riche" (new money) was originally coined to describe: nineteenth century industrialists, bankers, and builders. Traditionally, wealth was associated with landowning and these Gilded Age fortunes made money in a new way, hence the term new money. Edith Wharton, among Gilded Age America's greatest chroniclers, referred to industrialists and their ilk as "brazen new money".

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