From a child's perspective, parents should speak life to the children instead of comparing how we live our lives now to how they lived their lives before. There's no way to compare. The world is innovating. So, it's given that we will have an advantage. Instead of comparing, they must encourage the kids to use the benefits we enjoy today to our advantage.
What I love about my parent's parenting is that they let us explore. They give us free will and responsibility to decide and I think it helped us as we grow old. It's good to have a sense of responsibility for oneself as early as possible. But of course, there would still be guidance from them.