I grew up with two kids (among others) who had similar material circumstances. Each lived and raised in a full-size, four-bedroom house in excellent repair, both parents earned well above poverty level incomes. One car per parent replaced with a new one about every 5 years, and a hand-me-down given to each of the kids when they got their driving licenses.

They had privacy, peace and quiet, never wanted for food, enjoyed weekly dining out with the entire family, had regular gatherings with more distant family (who also enjoyed similar material conditions), multiple yearly vacations, virtually anything else that related to comfort and ease of mind. Both of these kids grew up into borderline sociopaths with self-admitted libertarian ideologies.