Distinctions between "Old Money" and "New Money" are more status rather than class distinctions.

Question

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The distinctions between "Old Money" and "New Money" are based on differences in wealth and social status, but they do not necessarily reflect differences in social class. While both groups may be wealthy, "Old Money" is typically associated with inherited wealth and a long-standing family legacy, while "New Money" is linked to recent wealth acquisition through entrepreneurship or other means. These distinctions are more about signaling social status and cultural norms than they are about actual class differences.

Distinctions Between "Old Money" and "New Money" Are More Status