There are kids who have everything except the love and recognition of their parents. This can have a detrimental effect on a childs life, not feeling loved but having everything. Money is not happiness.
I just used a stark example, you are correct, money isn't happiness. This is something a lot of people don't realize. So what is? In the case the answer to that question is out there, think about a child contemplating that. Can you expect a child to know how to deal with emotional pains at an early age? What are we putting on children if we expect that?
There are kids who have everything except the love and recognition of their parents. This can have a detrimental effect on a childs life, not feeling loved but having everything. Money is not happiness.