A recent article on money and parenting brought up a really frightening realization -- parenting is now considered a competitive sport! Even if you aren't a parent yourself, this probably isn't all that surprising. As time moves on, keeping up with the Jones's is getting tougher and more cut throat.
Most parents want to make their kids happy, especially if they have the means to give them all the things they didn't have growing up, but when kids have nicer cars, cell phones, computers, etc. than their own parents, you have to ask yourself, is the older generation spoiling the younger generation rotten? Does giving them everything they ask for set them up for a life of being an unsatisfied "want monster"?