Just because you have wealthy parents doesn’t mean that you have access to that money. To me it would make more sense to only take into account the amount of money they are putting towards your education.
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If you’re talking about the US, it’s because the federal (and by extension, most institutional) higher educational aid system expects custodial parents to contribute tho their offspring’s educational costs at the undergraduate level. The system doesn’t care about how parents choose to spend their income, as that’s seen as a choice beyond a basic threshold that reflects the cost of staying alive.
Source: 14 years of employment in financial aid offices
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