Many rich or wealthy operate like this:
They only give the children and young people money to meet their basic needs.
Cinemas, cars, great cell phones, great laptops, traveling worldwide, expensive restaurants etc no.
In the years up to 20-22, one lives with many unfulfilled wishes.
That's right too! When children and young people get everything they want, they never learn how to deal with money!
My parents always gave me what I NEEDed! If I wanted something special, I had to wish for money for my birthday, Christmas etc. And save until I could buy it myself. When I was 15 I started serving in a pizzeria next to school on weekends and was able to fulfill my wishes myself! And I'm very grateful for their upbringing and I have certainly never been "poor"!
If you give children and young people everything they want, they will become people like you… Who have no relation to money because they have never learned to deal with it and have no idea how hard it is to make money! Then they knock everything out of the window and sit on a mountain of debt… The world doesn't need more people like you!
"Cinemas, cars, great cell phones, great laptops, traveling around the world, expensive restaurants, etc. No."
There's usually pocket money for something like going to the cinema or free time.
The rest is a luxury that you can work for yourself, at least partially.
You have to enjoy your youth.
You do that by going around the house with friends. Not by feeding money.
What is really important for children is sufficient healthy food, clothing, a roof over their heads, access to education, the affection and support of their parents.
Everything else is a luxury and should be dosed accordingly.
Otherwise it can happen very quickly that the nice children become immoderate adults who think they have to get everything they see. It is beneficial for the character to fulfill a wish through one's own performance and not to have everything pushed back by the parents.
There's also no basic right to luxury. Whoever wants that should work for it.
You have to enjoy your youth.
Where is that
Is that a law in your country? At least not here.
Enjoyment doesn't just have to consist of consumption.
They only give the children and young people money to meet their basic needs. Cinemas, cars, great cell phones, great laptops, traveling worldwide, expensive restaurants etc no.
Um… These are NOT basic needs. And someone who really only got money on the side, not a nice childhood either, but only on the side.
I definitely didn't have a cinema when I was young. And only got a car when I was 19 and that was my grandfather's scraped-off Mercedes, who unfortunately passed away at the time.
I don't need great cell phones and laptops. My favorite laptop is 10 years old, my cell phone should be around 4 to 5 years old, both still work fine, so I don't need a lot more.
I never had expensive restaurants either. My dad cooked for me or my mom or I cooked myself. I'm not a good cook, but otherwise it was enough.
However, I have traveled a lot. And just when I had my boyfriend in the USA, those were definitely more extravagant vacations.
In the years up to 20-22, one lives with many unfulfilled wishes.
It is true that I have some unfulfilled desires, but they are NOT material.
To come back to the question: It is important that you develop yourself and that you have appropriate support from your parents. And it doesn't really matter whether there's money or not. Ideally, you should enable the children to have a carefree childhood as possible. But carefree does NOT mean perfectly happy.
I would be happy now if I could go horse riding with my best friend, gallop across meadows and fields… Or even if I had a huge bouncy castle here now. 🙈
Overall, you are only asking the question of rich and affluent people.
So I'll answer for the normal earners (or the way it went for me). My parents gave me what I needed. Love, affection, attention, food, school supplies, help, …
And hold on to little things in between. For girls e.g. Stick horses (in kindergarten) or Wendy and something like that. I only got pocket money from the age of 16, but I didn't need that before either. When I was 12, I got a Vodafone key phone, I was allowed to enjoy my childhood and grew up without technology and I'm very grateful for it.
I have no idea what you somehow wanted to know through the question. I just responded by feeling.
That was great for you because you don't need much.
But if someone wants that, it feels like hunger and is like torture.
You shouldn't spoil your children too much and raise them with too high standards.
If you want it that way, it'll be okay.
"But when someone wants that, it feels like hunger and is like torture."
Typical need for replacement for the actual deficit: the lack of love, attention, unconditional recognition.
You wouldn't be a bit happier if you had spent your youth in material luxury. A little fatherly love would have done you more.
