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Gay Nineties is an American nostalgic term that refers to the decade of the 1890s.

The term itself began to be used in the 1920s and is believed to have been created by the artist Richard V. Culter, who first released a series of drawings in Life magazine entitled "the Gay Nineties" and later published a book of drawings with the same name. The high life of the "old money" families was well documented in the novels of, for example, Edith Wharton, and Booth Tarkington.

By the 1920s, the decade was nostalgically seen as a period of Pre-Income Tax wealth for a newly emergent "society set". The railroads, the agricultural depression of the Southern United States, and the dominance of the United States in South American markets and the Caribbean meant that industrialists of New England seemed to have been doing very well.

It was also the name of a nostalgic radio program in the 1930s, hosted by a prominent composer of popular songs of the 1890s, Joe Howard. In the 1920s through the 1940s, filmmakers had a nostalgic interest in the 1890s, as can be seen in the films The Naughty Nineties, She Done Him Wrong, Belle of the Nineties, The Nifty Nineties, By the Light of the Silvery Moon, and Hello, Dolly!

In reality, the Panic of 1893 set off a widespread economic depression in the United States that lasted until 1896. This led to a realigning election in 1896 where the Republican Party took control of the White House. It interrupted the prosperity of the previous decade, and prosperity would not return until 1899.

The phrase has nothing to do with the term "gay" to refer to homosexuality, a usage that long postdates the phrase.

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