It makes me feel bad to see children going around with an entire fortune in their pockets while I still have an eight-year-old Nokia that could fall apart any second. Personally, whatever the child may think, it's a violation of privacy on the child's behalf. The parents want to know what their children are doing all the time, and that's why they get the best phone to guarantee that it won't randomly fail like their own phones, just so they have the ability to keep interrupting their kids in their daily life. When the kids finally see through the shiny phone and find out about this, like in one unfortunate time I've witnessed, they have a whole argument with the parents, quite often on the phone, and then their relationship is never the same again.
So, in a sense, we've lowered the age a child becomes a teenager. At the age that they still should be cuddling up by their parents at night, they already want to hang out with their friends in a club or party. That will have a lasting repercussions on future generations too. Just imagine babies, fresh from the womb, out clubbing while we are in our retirement homes, watching the world fall apart before our crusty eyes. That's not right.