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Also I think "old money" is more prestigious than "new money, people born into money are have different manners and more refined taste usually.
A sociologist named Warner said:
"American social class was based more on attitudes than on the actual amount of money an individual made. For example, the richest people in America would belong to the "lower-upper class" since many of them created their own fortunes; one can only be born into the highest class. Nonetheless, members of the wealthy upper-upper class tend to be more powerful, as a simple survey of U.S. presidents may demonstrate (i.e., the Roosevelts; John Kennedy; the Bushes)"
This makes me think it's more than about just money.
Also here is how class is defined:
* occupation
* education
* income
* manners, style and cultural refinement. For example, Bourdieu suggests a notion of high and low classes with a distinction between bourgeois tastes and sensitivities and the working class tastes and sensitivities.
* net worth
* power
* ownership of land, property, means of production, slaves...
* political standing vis-à-vis the government
* reputation of honor or disgrace
* social prestige, as from an honorary title, or association with an esteemed organization or person
* Language, the distinction between elaborate code, which is seen as a citerion for "upper-class", and the restricted code, which is associated with "lower classes"
Income is PART of it, but not all I think.
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