While some might think this is a great position on the totem pole, is not that great in so many ways.
I can say in my experience being first born was not a good experience. My parents made their mistakes with me, they were much stricter with me than my younger siblings. I had to grow up way to fast and carried huge responsibilities and burdens that were not age appropriate. Causing me to develop an anxiety disorder that would continue to plague me into adulthood.
They were not good teachers to my younger siblings, they did not teach them to respect their elders including Me.
On the flip side I got to see my Mother pregnant with my Sister, which was amazing. In the end I feel it is very important to teach respect.