You all don't know me and you'll probably judge me after this post, but I'm a really nice person who is not snotty at all. I was pretty much given whatever I wanted when I was growing up. I didn't "want" overly extravagent things, but what I did want I got; new clothes, new tapes, new books, etc.
My mother and my father grew up with little to nothing. They wanted to give more to their children. I don't think I was spoiled and I never felt or acted like I was better than my friends.
As I grew up I think the way I was raised helped me a lot. I wasn't satisfied to sit around and do nothing or work at a dead end job. I wanted to live the way I was used to living so I worked hard to get a job where I would not have to worry about where the rent was coming from. My husband and I are not rich by any means, but we do okay. We don't want for much.
I happen to work at a community collge and just helped out with dorm check in last weekend like I do every year. Fair or not, the kids that have the little extras (nice tvs, lap tops, fridge, extra home comforts) are the ones who suceed. They are not only more comfortable in their surroundings, but they have a financial and emotional support system to help them through.
I say give your kids what you feel they need. You are really investing in their future.