Reading both yours and
@ipekkeles comment, I think it really depends on how the kids are raised, whether or not they are given designer items.
My parents raised me as if I was "poor". Now "poor" is a strong word and the meaning differs to each individual and context. But whenever I asked for something my mom always said something like: "we can't afford it", "it's too expensive". And I suppose being the naiive child I was, I was like, eh, okay

. So, because of their frugal upbringing, I would always go into toy stores and play with the toys, enjoy them, and just leave without wanting.
I never really connected two and two together. My family traveled internationally every year, and to me that was normal. I got my first laptop when I was 9 (and this was in the 90s) and I never thought too much of it.
They never bought me material gifts, or toys, things like expensive clothes, shoes, jewelry.
My extended family, even more well off, would buy luxury but I would see them and not really notice or care very much? Maybe it was a different time period (loved the 90s haha).
The focus was always on education and while my parents financially supported me in school, my parents, especially my dad, was like, your job is a student, and that responsibility is yours and yours alone.
I got my first designer bag as a gift from a relative when I went to college. My mom was like omg, too much! Only use for special ocacasions, don't get it dirty, etc. And I was like, but...it's just a bag?

I used it, and it was nice, and again, didn't think much about it.
Fast forward like years later (really innocent and naiive kid I was), I realized where we lived, the money my parents spend on my brother and I, and all the money spent on traveling, etc. and I was a little mindblown to say the least. But I am very glad that my parents brought me up this way. I never really got into luxury until the tail end of my 20s and by then, you know, have a job, a car, a home, etc. so bags/shoes/jewelry it is!