New money
"New money" is a slang term that refers to individuals or families who have recently acquired wealth, often through entrepreneurial ventures, inheritance, or other means. The term is often used to describe people who are new to the wealthy elite and may not have the same level of social status, connections, or cultural capital as those who have inherited wealth or have been wealthy for generations.
The term "new money" is often used to distinguish between those who have earned their wealth through hard work and innovation, and those who have inherited it. It can also be used to describe people who are trying to fit in with the wealthy elite, but may not have the same level of sophistication or cultural knowledge as those who have been wealthy for longer.
In popular culture, the term "new money" is often used to describe characters in TV shows, movies, and books who are trying to navigate the complexities of wealth and social status. For example, the TV show "Gossip Girl" features characters who are part of the wealthy elite, but are also "new money" and trying to prove themselves.
Some common characteristics associated with "new money" include:
- A lack of social connections or family ties to the wealthy elite
- A focus on material possessions and status symbols, such as luxury cars and designer clothing
- A desire to fit in with the wealthy elite and be accepted as one of their own
- A lack of cultural knowledge or sophistication, such as not knowing how to properly use fine china or attend a black-tie event
- A tendency to flaunt their wealth and try to impress others with their material possessions
It's worth noting that the term "new money" can be somewhat derogatory, implying that those who have earned their wealth through hard work and innovation are somehow less worthy or less refined than those who have inherited it. However, it's also important to recognize that wealth and social status are not the only measures of a person's worth or value.