Old Money

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High Quality Content by WIKIPEDIA articles! Old money is defined as "the inherited wealth of established upper-class families" or "a person, family, or lineage possessing inherited wealth".The term is typically used to describe families that have been wealthy for multiple generations. Locations such as Greenwich, Connecticut, Long Island's Gold Coast, the Upper East Side of Manhattan, Boston's Back Bay and Beacon Hill, Wellesley, MA and Philadelphia's Main Line are often associated with old money.Wealth is described as the assets held by an individual or household. It is an important dimension of stratification because it may be passed on from generation to generation, ensuring that a family's offspring will be financially stable in the future. Families with "old money" use accumulated assets or savings to bridge interruptions in income, preventing downward social mobility.

Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786130497163
    • Editor Lambert M. Surhone, Miriam T. Timpledon, Susan F. Marseken
    • EAN 9786130497163
    • Format Fachbuch
    • Titel Old Money
    • Herausgeber Betascript Publishing
    • Anzahl Seiten 116
    • Genre Sozialwissenschaften allgemein

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