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New Money is a term for people who made or earned their wealth on their own accord, they were not born into a wealthy family or grew up in wealthy culture. Sometimes used disparagingly by Old Money, in [reference] to the lack of refinement or [sophistication] of New Money people. People who are new money are generally unfamiliar with the "culture of wealth" in America. They may spend their money on different things and associate with a more diverse crowd (other New Money), as opposed to Old Money. Examples of new money would be all these high-tech start-up guys who are fresh [out of college], compared to Old Money individuals, who's wealth comes from a variety of inlets and may be recognizable by family name (i.e. the Hiltons, the Kennedys).
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