Question

What are some social differences between people who inherit wealth versus people who are "new money?" What might be some differences in the way that they display their wealthy? Make sure to bring in some sociological concepts in your discussion.

Answer 1

Answer:

In terms of wealth, it could be classified as inherited wealth (those who has money given to them by someone) or "new money" (earned money - for those who worked for thier money).

Some of the social differences between this two is that people who inherited money seems to be akwards in the social circles as a result of not be mentally prepared for the situation they found themselves in. The also more closed socially and not communicative.

On the other hand, "new money" people tends to be mentally prepared to fit into the society as a result of them working for their money (toiling daily before they made thier wealth). Also, they are open, communicative and always loved to help through their act of philanthropy.

Explanation: