We live close to the local high school, and I see lots of teenagers out and about...I cannot believe what some of these children have in terms of clothes, cell phones, CARS - it is unbelievable! I often wonder if these kids are just constantly trying to "one up" each other on the "spoiledness" scale - there is this one particular group of girls that all have the newest BMW convertables with leather interior and specialized license plates. One of the girls goes to our church - she wrecked her "Beemer" two weeks ago (totalled it) and the very next day, she was sitting pretty in her brand spanking new MERCADES - bought of course, by her parents!!!
We are definitely living in a "more, more, more" society...which I feel has lead to "less, less, less" in the way of social and moral values. I'm currently reading "The 7 Habits of Highly Effective Families" and would really suggest it to anyone interested...it talks in great deapth of the importance of giving children love, respect, attention, direction, etc....not large amounts of material "stuff."
I hope and pray that when DS is grown, he will look back and be able to say that he felt loved by us - I hope that more than the toys he had (or didn't have) that he will remember the good times we shared as a family, just loving and caring for one another.
More along the lines of answering your question: I believe that children learn to respect money and spending more when they realize that it is something that is worked for and not to just thrown around lightly.