Even people who dont have everything bought for them dont necessarily value money.
most lottery winners who come from non-privileged backgrounds end up bankrupt because they blow their money on parties, expenses houses, friends and expensive trips.
It has nothing to do with a person's privilege, its individual differences.
I come from a very privileged background - my family is rich and i'm very grateful and aware of how good my life is. i'm also very aware of the value of money. I'm young - its easy to get tempted and spend money of Tvs and gameswhen i get regular spending allowances from my family. But i come from a family of very generous people who raised me with a strong appreciation of generosity and hard work.
It's not about what you get from your parents that determines your appreciation of money. its about what they teach you to appreciate and deserve it.
I was trained to work hard - my family riches came from the hard work of my grandmother. I was taught that I couldnt expect anything if i wasnt willing to work for it. At my age, being a student the only thing I can do now to show my granparents gratitude is working hard in school. with grades like A*A*A and studying medicine at university, my family have no issue with buying me cars and giving me regular spending money. I'v shown them that I can work hard and that also when they're no longer around to keep giving me money i'll have a secure future to support myself and take care of them.
The only cause for concern is when parents spoil their kids = give them whatever they want even though the kid doesnt do well at school, doesnt work hard or even attempt to put effort into anything. that's what causes problems.