Page "Old money" Paragraph 3

" Old money " applies to those of the upper class whose wealth separates them from lower social classes.

According to anthropologist W. Lloyd Warner, the upper class in the United States during the 1930s was divided into the upper-upper and the lower-upper classes.

The lower-upper were those that did not come from traditionally wealthy families.

They earned their money from investments and business rather than inheritance.

In contrast to the nouveau riche, the upper-upper class was families viewed as " quasi-aristocratic " and " high-society ".

These had been rich for generations.

They lived off idle inheritances rather than earned wealth.