DC have way more material stuff than I ever had as a child. But I'm not convinced this is a good thing. I was a 70s child with a mother who made all our clothes and we didn't really have many toys. And boy did we appreciate presents, with things only really being bought for us at Christmas and birthdays.
My childhood was brilliant though, and there was never really a time when my mother was pestered for things to be bought - we implicitly understood the status quo. So that was one less hot spot for arguments.
DH's parents in contrast were much richer. He went to private school, had massive house, car bought for him for 18th birthday and so on. He was happy too though, and his parents had a similar "ask and you won't get" approach to my mother, although in my mother's case it was from economy rather than as a life lesson.
We live now in my childhood home, which is not huge, but is not small. But every bit of work that my parents did to the place was done very cheaply, by themselves referring to the readers digest DIY manual. My mother was a SAHM, my father had a well paid job. But they ought the house just as mortgage rates went up to 13 percent. And my mother being a SAHM was a conscious decision on her part, and she serviced that decision financially by living very frugally.
IN terms of quality parent time, I think my children have different parent time. More emphasis on treats and fun than on just being together and being involved in the day to day "chores".