Neither is more right/wrong in a general sense. Either in their extreme can be "wrong". It also has impacts on how your kids turn out to relate to money later

Neither is more right/wrong in a general sense. Either in their extreme can be "wrong". It also has impacts on how your kids turn out to relate to money later. My wife and I were the oldest child of scarcity mindset parents. For both of us it turned into a motivator to "not have to think about money" on the income side. For me, the worst thing in the world was when I had to ask my parents for money, it was emotionally draining. I haven't asked my parents for a penny since I turned 20. They are generous in gifting money/things at time/place/amount/reason of their choosing, but I never wanted to have to ask again. It drove me to want to have cashflow, and I started working when I was 14 under the table, officially W2 summers/weekends/after school from 16. I've really never stopped working, been doing my own taxes since I was 16. My wife ended up with almost 6-figures of college debt ~20 years ago because her parents contributed very little & were sticking to a very strict budget to payoff their mortgage in under 15 years. After paying off the mortgage and retirement, they became much more generous. They bought themselves several (cheap) vacation homes and investment property. The impact on her though in her 20s was to feel very resentful of them for some time, fair or unfair as that is.