This is due to the misbehavior of parents who are not good at raising and educating their children. Excessive pampering of wealthy children and the ease with which they obtain everything with complete ease will make them ineligible to bear responsibility themselves and will lead to their bankruptcy after the departure of their wealthy parents.
So the blame is primarily on these rich parents.
As parents, we need to show tough love to our kids. Because if not, they will not learn in life when they grow up.
Honestly, those who have lived being poor when they were younger. They are the people that have learned a lot with their lives.
You may see them buy some expensive stuff and luxuries but it is like a reward for all of their hard work for several years unlike the kids that have grown rich and are easy to spend their parents money.
Agreed, a rich kid that enjoys life with the luxury and spends big money never understand much about love. Parents doesn't give attention and the kids seek attention with the money. This makes them have the thoughts of having anything with money. Even the humans will be seen as commodities by some kids. When a kid have grown from a poor background he knows the value of a product as he/she had worked hard to get it. Majority of the problem gets solved through right parenting unlike poor/rich status.