It depends, but a large number of rich kids are completely aware of the saying, "Riches to rags in three generations." If the money isn't coming in anymore, act

It depends, but a large number of rich kids are completely aware of the saying, "Riches to rags in three generations." If the money isn't coming in anymore, acting like spoiled assholes will gut a fortune as quickly as the family can spend it. There are a lot of lower-middle class families who were rich 100 (or even 50) years ago. It corrects itself. Most "old money" is perpetuated because education and strong values are passed down from generation to generation. When that stops, so does the money. After all, if Junior is spoiled as shit and needs Daddy's influence to get him a job, he'll do just fine... but what about Junior's kids?