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Non-Rich People Are Revealing Their Encounters With "Old Money" Vs. "New Money," And It's Wild
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“I went to the most expensive high school in my state. Since it was a boarding school, we had serious old money from all over the world. The bit about how old vs. new treats staff and how nice or rude they are is spot on. The very worst kind of nouveau riche are the kids of first-generation movie stars.” As a Senior Staff Writer at BuzzFeed, I cover real-life stories that explore relationships, lifestyle (including travel and beauty), and the internet's most fascinating trends. "They’d throw fun neighborhood parties where the kids could swim in their pool and eat barbecue. I loved all of them. New money? My first-hand experience with new money: Ugh. Nasty. NASTY." "Oh, and it's funny, but I just realized recently that at most schools, the parents without jobs are poor. At my school, the parents who didn't have jobs were the richest." "I always went above and beyond for the old money people, trying to find them what they were looking for, because they were just so nice about it. They'd say things like, 'It’s okay, really,' and I'd say, 'Nope, it says we have one in stock somewhere. I’m going to find it and have it sent to you.' I’d be determined and on a mission. (On the flip side, I definitely probably could have found what new money wanted somewhere, but I’m not going to spend a vast amount of time on it when you’re yelling at me and being rude.)" "It was great to have a dog paying my rent in LA for a while." "For reference, see every tech wealth weirdo, influencer, and certain reality TV stars and their obsession with discussing their extreme forms of dieting/'cleansing,' exercise, and bragging about how they work around the clock or start their morning at obscene hours." "I’ve watched them slip a dime or quarter into the collection plate at their church and attend black-tie charity events without paying for their plate or providing any donation (they’re all generous volunteering their time). They never speak of money and denigrate displays of wealth. Ultimately, I think it’s the individual person and not their socioeconomic class that primarily dictates behavior, but from what I’ve witnessed firsthand, old money is synonymous with excessive penny-pinching." "Secondly, many of the new money owners got their money in a short span of time and at a very young age with the urge to spend on the things they dreamed about. In contrast, the old money owners got money with hard work and savings at a much later stage in life, when they are mentally balanced with limited demands and no urge to spend money except for the well-being of society." "I’m talking Depression-era old money. The people who are awful to the help because they’ve come into money as adults see it as an entitlement for having so much wealth. That said, I’m sure there are 'old money' people who are awful to service staff because it’s always been available to them, and they consider the help to be disposable." "New money may find themselves uncomfortable in these types of hierarchical situations; the discomfort comes out as arrogance. It’s annoying and hard to justify a superior worth when you know deep down, it isn’t really justifiable to that degree. They are also probably busier, stressed, and preoccupied with managing their wealth — they know what there is to lose. Old money has no clue of what life is without all the access, possessions, and power. Both unfortunately tend to forget their money comes from somewhere, and that’s probably someone else or someone else’s resources and luck historically. With great wealth comes great power, and no one individual has the capacity to own up to the wealth that today's disparity has created. Humans messed up big time." "Most of you may disagree, but this is so true. I grew up on both sides. We lost our money in the crash of '08. My grandfather was always humble. I didn't even know how much money the family had until my grandfather drunkenly told a guy I was seeing. He treated everyone around him like family. My grandfather taught me to have respect and work, unlike the 'new money' who 'worked hard' just to look down on others." "New money would not have seen generations of having staff and treating staff as kindly as, say, a friendly neighbor. Also, old money fears one thing: a bad reputation. One sure way to kill loyalty and discretion is to be rude and abusive, so I guess there’s always been some self-serving motivation in there, too. Happy help doesn’t gossip. I certainly wouldn’t." "Like, neither one of them deserves to hoard wealth, but in my personal interactions with rich people, I prefer dealing with the old money types. I know their ancestors enslaved my ancestors, but the new money types are trying to do the same thing today, and that creeps me out more." "Old money are at least outwardly pleasant to deal with. They can still be jerks sometimes, but not in the way new money is." "The son once had his recently built home completely destroyed because he didn't like it and had the team completely start over. Since it was new, all the material could have been resold to prevent waste, but he insisted on destroying it since he didn't want anyone to have it. The way he acts, you'd think he was 'new money.'" Note: Some responses have been edited for length and/or clarity.
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