Sunday, March 30, 2014

Old Money, New Money & Everyone else

Society has varying levels of social class. Throughout history wealth has been considered the defining factor in whether someone is considered upper, middle or lower class. Usually someone born into a family with money, or 'old money', will receive a good education and in most cases will live their entire lives with financial stability and connections to prestigious institutions and families. In my eyes people with 'old money' are the ones that 'lucked out', as they did not work to acquire their wealth, yet were simply born in to it. People that are considered 'new money', such as Gatsby in The Great Gatsby, usually need to work to acquire their wealth, which in my eyes makes them more deserving as they did something to earn it. Although, people with 'new money' are portrayed as being of a lower class (in The Great Gatsby at least) because they flaunt their belongings and wealth more, and perhaps don't have the same connections as someone born into a family with 'old money'. People with 'old money' do not feel inclined to show off their money as it is something they are used to, and have always known. This refinement is what makes 'old money' of a higher class. Everyone else is everyone that does not classify as 'Old Money' nor 'New Money'. Although, many people in this category may still be of a high class they were not born into a wealthy, prestigious family and have not acquired wealth by some means of their own. There are different classes within the category of 'everyone else', and therefore it should not be generalized as its own grouping. For example, not everyone who attends an Ivy League school, or any college for that matter, has 'old money' or 'new money', yet they are of a relatively higher class than a lot of the population.

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