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Originally Posted by Texas Beta
How do you define "old money"? I've always figured that debutante stuff was a new money thing, a social thing to make them feel more important in society. I'm not bashing it though, my sister did it, and most celebratory gatherings with booze somewhere involved are a lot of fun.
I think old money is money, or maybe large quantities of land which has been passed down for at least several generations and are already predominant in their community. I’ve never met a family like this who has put any family member up for this.
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Deb balls are extremely old money......look where they were started. I don't know which balls in Texas you know of.....but take Tyler Rose Festival, for example. It is one of the most prominent in Texas and it is extremely old money. Lots of families with old oil and land/ranching money. The names that have been in it over the years are pretty astonishing.