Money can't buy you taste, and that's really fun to watch and judge! In this self-contained format, each episode will give us a sneak peek inside two millionaires' outrageous homes, cars, & closets. We'll see how people with more money than God (but probably less taste than you!) have chosen to spend their newfound fortunes.
Runtime: 30 minutes
New Money - Old money - Netflix
Old money is “the inherited wealth of established upper-class families (i.e. gentry, patriciate)” or “a person, family, or lineage possessing inherited wealth”. The term typically describes a class of the rich who have been able to maintain their wealth over multiple generations, often referring to perceived members of the de facto aristocracy in societies that historically lack an officially established aristocratic class (such as the US).
New Money - Effects of World War II - Netflix
Economists assert that the largest transfer of wealth will be as the older generation leaves wealth to the baby boomers. Inheritance has been estimated to make up 6% of the US GDP each year. The current generation is wealthier than any generation before. This increase in wealth and inheritance indicates a rise of “old money” in American families. Stephen Haseler argues that America is becoming an inheritance culture in which much economic opportunity is from family inheritance and not personal achievement.
New Money - References - Netflix