When parents raise their children not by pampering them, of course the children will be better prepared to face various situations in their lives and they will also be able to survive by earning their own income to meet their needs and not depend on their parents, of course this is it would be better than pampering children so that they would have difficulty if when they grow up they can no longer get attention from their parents.
And for those who can spend their money on the things they need, of course when they have their own income they will be able to manage their finances well.
I think at certain stage parents should show their harsh action to their children because a continues tampering will make their children to adopt bad habits. Those children will be successful who learn about saving from an early age so they can easily save money and invest when needed.
Parents should not allow huge sum of money to use by their children because excessive money is the only thing that often spoils the children. Previously people were dependent on government job which was only possible if children reach to the age of 18 years. But now there are lots of online jobs which we can introduce to our children so they will be able to earn by themselves without depending on parents.