Why Should A Child's Fist Birthday Party Be Grand?

Why Should A Child's Fist Birthday Party Be Grand?  It doesn't help that older generations have done it that way and that the grandparents are usually the number one spoilers. That usually translates to us spending as much as we possibly can.   We're essentially mixing importance with money.
Kids have birthday parties, that's just how it is. And it makes sense.

It makes more sense than say... me celebrating my birthday party. I've had lots of it already, so it's nothing new. Plus I'm footing the bill... so, you know: "It's ok. It's not a big deal. Let's just stay in." :D

What puzzles me is the grand 1st birthday celebration. I can understand the 7th, which is usually a little more modest (compared to the first, anyway). But the first birthday... It's especially bewildering to me.
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