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entitlementality 

State of constantly living beyond your means because your parents happen to have a savings account.
Joe didn't pay his college tuition because he practiced entitlementality and instead blew his grant on partying.

Because of Ryan's entitlementality, he went on a cruise instead of fixing his car.
entitlementality by Annie S. January 11, 2008
Related Words

entitlmentality 

The mindset of people that believe they are somehow entitled to a public service or product for no apparent reason other than personal gain.
Skateboarders demanding the local government provide them with a place to perform their sport. The entitlmentality of this class of people is a burden on society as a whole