1) n. A citizen of the United States who is of a wealthy background also being heir to a sizeable fortune, typically a trust fund or inheritance to which they are entitled only because of their family's success. 2) n. A United States citizen who has inherited said monies. 3) n. A little shit kid who never has to work for anything in his life.
Fogey/fogy /fougi/ sl. (early 18C+, orig. Scot) old-fashioned, stuck-in-the mud.
Person with old fashioned ideas which he is unwilling to change: Come to the disco and stop being such an old fogey!
You think me an old fogeyand an old tory, his thoughtful voice said. I saw three generations since O’Connel’s time. I remember the famine. Do you know that the orange lodges agitated for repeal of the union twenty years before O’Connel did or before the prelates of your communion denounced him as a demagogue? You fenians forget some things. (James Joyce, Ulysses. Penguin Books,1992. p. 38)