Things have definitely changed since I was younger. No one I knew even got their nails done (I still don't). No one colored their hair unless they were going gray or decided to buy Sun In to go blonde. I never would have bought a designer bag because my babysitting money would not have covered it. I am currently limited by my monthly allotment as to what I can afford.
I don't have a problem with the younger set having nice things in and of itself. I think it depends on the situation though. I have always had a problem with buying teenagers brand new luxury cars though.
This is very true. And perhaps we're always slightly harder on the perceived excesses of the younger generation. My parents always remind me too how they didn't have <fill in the blank> when they were my age, and I, in turn, make the same observation with my own children!