Not all children care for their family's financial stability before demanding things from their parents. Every child gets fascinated by his /her friends possessions and would also love yo own the same. But then, not all parents are able enough to provide everything that their children demand. I guess, parents should not provide their kids everything they demand to prepare them for rejections in life.
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Children who get what they demand are not okay with rejections and that is what happened to a family back here in India. A 18 year old boy comitted suicide by hanging himelf from the ceiling fan of their apartment because his parents rejected his demand to buy him a mobile phone worth 37,000 INR. The boy was offered a mobile phone worth 20,000 INR, but that's not what he wanted.
His parents were shocked. Why would anyone kill themselves for a new mobile device to play games.
Mobile devices have been spoiling the mental abilities of kids turning them into mobile addicts. It is high time that we keep our young kids away from mobile and other such devices.