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Families that have been [affluent] for several decades (in America) or several centuries (in Europe). Old money families in the U.S. are often WASPs. They have a very distinctive style that includes brands such as Lilly Pulitzer and Eliza B. Their children go to generally East Coast prep schools such as St. Pauls, Exeter, Choate, Andover and so forth. They summer in places like Bar Harbor, Nantucket, South Hampton, the Vineyard, etc. In Europe, old money is synonymous with [aristocracy]. Dukes, counts, marquis etc. and their [relatives]. In France, Spain, and Italy they are typically Catholic and own hunting estates, and summer and ski in the same places. Their children go to Catholic schools, which can be in some cases single-sex. P.S: Another person mentioned [Paris Hilton] as old money. This is not so as Paris' grandfather was the one to become rich, which means they are still very much new money. In fact, her attitude and attire probably epitomize new money.
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