Question

Is there a difference between a family that has been wealthy for generations and one which was poor until just recently (old money vs. new money)?

Answer 1

There is a difference between both, while old money has had their money for generations they also have an upper hand. They might have a bit more of insight in they’re buisness and know the ins and outs better than new money, new money is just begining to see and understand the do’s and don’ts.