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Having grown up in Raleigh, NC, I can tell you that the Beltline plays a significant part in "old" money versus "new" money. Inside the Beltline is where the "old" money live and the home prices are substantially more expensive.
This is the new money-old money difference in NC as well as the rest of the United States. New money is flashy and about consumerism; old money is not.
Excellent defination. Old money knows they have it--New money wants everyone to know they have it...
Old money generally is money that was inherited down through the years within some of the old prominent Raleigh or NC families.
Old money might get you in Carolina Country Club, and new money will probably keep you out
Yeah. That sums it up. For this region, anyway.
Pretty much everyone I know that qualifies as old money rarely talks about money. They just enjoy a certain freedom afforded to people who've grown up always having money. That freedom is the freedom from worry about affording the costs of day-to-day living.
Along the same line...there are some folks here who are loaded but you wouldn't know it. They drive an old car or a beat up truck, live in humble homes, or old, smaller ones inside the beltline. They appear to not have money....
...I think its pretty funny that these trust fund babies think they are superior to other people just because they ride on their family's coattails.
I completely agree. As I read through this thread (having an unfortunate relationship with some "old money" Raleighites), that was what I was thinking all along. The BIG difference between "old" and "new" money is that the new money folks actually earned their money. The old money folks had great-grandparents who were visionaries and successful financially. So much so that their children, grandchildren and great-grandchildren were able to reap the rewards of their successes. Who feel completely entitled to their privilege while looking down their noses at the rest of us who weren't handed a bank account, real estate and a trust fund on a silver platter.
I have NO respect for folks that rest on their ancestors' laurels and look down at the rest of the world as if they have some reason to feel superior. The folks I mentioned earlier think they "work" because they run a business that they inherited. *snort* Running it into the ground is more like it. You have to have a few real life skills in order to be a successful leader, and having everything given to you with no effort on your part is the best way to avoid the possibility of a clue.
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