> Rather give them a secure and happy family than materialism.
GP's comment sounds like that's precisely what they're doing. They're using the money to give their kids a fun and memorable childhood.
This is extremely uncharitable. What makes you assume my children do not have a happy home life? Do you honestly believe having money to do interesting and fun things growing up can only be a negative?
I'm choosing to not sacrifice all sorts of opportunities so that they can grow up with an austere existence and get a probably worthless loan-free college education.
You do you though!
Rather give them a secure and happy family than materialism.