The same story here. I was 5 and a Wolf Cub, but I only received the folding pocket knife (worn proudly on my belt) after I had earned the Knife Badge. It was taught as a tool and taught to be respected but the big thing was that you yourself were being entrusted.
Fast forward to today: I'm retired and, once a week, I'm a volunteer instructor at our town's Navy Cadet unit. The youth organisation is for 12.5 to 17 year olds. The reason I bring this up is the 'modern attitude' to mollycoddle the young these days... and I was astonished to find that the Cadets were not allowed to handle a knife! What's a "sailor" if they can't handle a knife?
It turns out that 'Headquarters', for safety (and liability) reasons had deemed knives as hazardous. So I gathered the entire unit together, gave them all a "safety lecture" on the proper handling of a knife, had them each "safely demonstrate" cutting a piece of rope and then pronounced that they were now competent to handle knives in a working (Cadet) environment. The various looks of 'responsibility, trust, relief & pride that I received from those 35 young people will stay with me forever.