Started By
Message

re: What state in America do you most associate with “old money”?

Posted on 4/16/24 at 11:13 am to
Posted by dewster
Chicago
Member since Aug 2006
25389 posts
Posted on 4/16/24 at 11:13 am to
Connecticut, Mass., parts of New York and Illinois.
Posted by dewster
Chicago
Member since Aug 2006
25389 posts
Posted on 4/16/24 at 11:39 am to
quote:

This is a completely different question. Old money tends to live and have lived in enclaves.



Yep. Places like Beacon Hill, Lake Forest, Philadelphia "main line", upper East side of Manhattan, River Oaks, Highland Park, etc. tends to feature a larger proportion of "inherited wealth" from at least 2-3 generations ago than other affluent areas.

In the northern towns like Philly, New York, Boston, and Chicago..... it is often wealth generated as far back as the mid/late 1800s.

I grew up in a blue collar metro area that didn't really explode in growth until the 20th century (Baton Rouge). So being mildly exposed to some "old money" people was absolutely mind blowing to me when I moved up north.

Meanwhile, most of the well off people in Texas/Louisiana/Oklahoma are no more than 1-2 generations removed from poor white trash.

There aren't as many of these old money enclaves in the south for obvious reasons. Most southern cities are newer, with less developed industry. They exist in almost every southern city, but they are smaller and fewer/farther between. And like the California money - most of these wealthy southern enclaves are considered "new money" by Yankee standards.
Posted by member12
Bob's Country Bunker
Member since May 2008
32111 posts
Posted on 4/16/24 at 11:41 am to
quote:

Unless they have lost all of their great-great-grandfather's money they are decidedly not ending up in FL.



bullshite....a frick ton of them have their primary address (on paper anyway) in Palm Beach.
Posted by member12
Bob's Country Bunker
Member since May 2008
32111 posts
Posted on 4/16/24 at 11:46 am to
quote:

What is the cutoff to be considered “old money” is it generational wealth produced by a grandparent or further back than that ?



Depends on where you are. The Bay Area and Seattle are filled with brand new multi-millionaires and billionaires. The mid west and the northeast has far more residual wealth from 200 years ago through the industrial revolution. The south is somewhere in between, and of course looked down upon because much of it traces back to either the icky, roughneck 20th century oil/gas companies or even as far back as the 1800s plantation owners (which is even worse).

In south Louisiana and Texas, the old money/new money line is probably during the oil boom in the 1960s/1970s. In the mid west, it might be pre/post the regions massive growth in the late 1800s with some regional exceptions. In Philadelphia or Boston it might be closer to the founding of the country. Those little dividing lines will probably stay that way for a very long time too.
This post was edited on 4/16/24 at 11:50 am
Posted by GentleJackJones
Member since Mar 2019
4181 posts
Posted on 4/16/24 at 12:10 pm to
As a whole, Connecticut and Virginia are the top two.
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55800 posts
Posted on 4/16/24 at 12:13 pm to
quote:

In south Louisiana and Texas, the old money/new money line is probably during the oil boom in the 1960s/1970s
lol no
Posted by tylerlsu2008
Zurich
Member since Jul 2015
1130 posts
Posted on 4/16/24 at 12:21 pm to
quote:

most of these wealthy southern enclaves are considered "new money" by Yankee standards.


Agree with everything you said. I do find it interesting how "new money" is a sort of a derogatory term with "old money" as being this unattainable (you are or aren't), yet aspirational quality (ie obsession with old money aesthetic, old money qualities / behavior).

At the end of the day, I have a lot more respect (all else equal) for "new money" business owners, executives, etc that made their own way, than people who strictly have money as a birth right and have (particularly adjusted for the hand they were dealt) done frickall in life. Of course, not saying that applies to all old money.

Then again, I have never understood the infatuation with the royal family -- simply lottery winners based on the dick they road in on into the world.
This post was edited on 4/16/24 at 12:22 pm
Posted by ATLTiger7
Member since Dec 2019
59 posts
Posted on 4/16/24 at 12:25 pm to
quote:

Meanwhile, most of the well off people in Texas/Louisiana/Oklahoma are no more than 1-2 generations removed from poor white trash.


The stretch from Baton Rouge to NOLA used to have the most millionaires in the country in the mid-1800's so this isn't true.

From a Southern sense, Charleston, Nashville, NOLA, ATL and Dallas have the most.
Posted by RibsandWhiskey
Metry
Member since Aug 2011
630 posts
Posted on 4/16/24 at 1:09 pm to
Virginia
Posted by SirWinston
PNW
Member since Jul 2014
82116 posts
Posted on 4/16/24 at 1:28 pm to
I'd say Rhode Island or CT.
Posted by North Dallas Tiger
Geaux Tigahs
Member since Mar 2024
2375 posts
Posted on 4/16/24 at 1:29 pm to
VA & MD & DE
Posted by Pitt Road
Floriduh
Member since Aug 2017
784 posts
Posted on 4/16/24 at 1:45 pm to
quote:

bullshite....a frick ton of them have their primary address (on paper anyway) in Palm Beach.


Collier County, FL, enters the chat...
Posted by prplhze2000
Parts Unknown
Member since Jan 2007
51464 posts
Posted on 4/16/24 at 1:50 pm to
Connecticut, Massachusetts, or Virginia
first pageprev pagePage 3 of 3Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram