The situation with spoiled kids is pretty widespread.
I am a member of parents facebook groups and see there constantly the same question from parents asking for an advice:
"What to give as a present to 5 years old girl who has everything?"
"What to give as a present for 3 year old boy who has everything?"
I am 39 years old and do not consider that I have everything. I still put some goals in front of me and am interested in what will happen next.
What these spoiled children will be excited about when they grow up?
Ridiculous.
Well, to be fair, I'd qualify my child as a child who has "everything". By which I mean: she has healthy food, pretty and comfortable and seasonally-appropriate clothes, aND enough open-ended imaginative games (doll, play kitchen, wood train, wood blocks, mostly - and we just made her a dollhouse she seems to love) that her time is occupied and she doesn't need more toys, nor do I want more toys as clutter.
She has everything she needs, and doesn't need anything, so... yeah, what DO you get a kid like that?
(And if the answer is anything resembling a tablet for a toddler, or any branded toys that make noise and clutter, the second answer is NO. None of that.)