What are the new money?

The term "new money", also called nouveau riche , usually refers to a person who has recently acquired a huge amount of wealth. This term is in direct opposition to the concept of "old money" that concerns a person who has had many generations of great wealth. The term "new money" can be used to separate one socio -economic class from another, although it can also be used as a derogatory term.

It is used in a derogatory way, referring to a person as a "new money" is meant as an insult. The importance of this insult directly concerns the assumption that those who have new money do not know how to spend this money wisely, while those with old money are devoted to investing funds. Historically, the location of those with newly received funds in the category "New Money" is not a new idea.

Old Greeks often fought for a high rank in society. Many ancient Greek texts refer to those that have newly received money as placed on the lower partition, forThe people with old money were well respected. Over the centuries, those with well -established wealth have often been much more respected than those with new wealth. This idea takes into account the education of man or "breeding". Some believe that those who have not been brought up with money cannot indeed become part of the aristocratic class.

History has shown that over time many of Nouveau Riche became old money. Once a degree of wealth is obtained, many who have recently gained this amount of wealth will learn to invest it for future generations. Thus, these future generations are often considered part of the old money class. Some say there is nothing like old money, because all people who currently have money have once been considered new money.

refers to someone who has new money, it occurs around the world. While each part of the world has a different socioekThe onomic system, people who are expected to have new money, will always exist. The main difference is that some people who are considered old money in different countries can be considered new money in other countries - this is especially true for those people who are currently gaining wealth in newly developed countries. Many people believe that the difference between old money and new money can disappear because more and more people are beginning to collect new wealth.