We are seeing the effect of helicopter parents in that children have been so protected by their parents that they can't open a bank account, can't walk anywhere, can't pay bills, can't budget, and can't function in society because overprotective parents have given them a ride to school every day of their lives, and have protected them from the world in the name of safety.
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Several universities are combatting this with mandated courses on what the parents have neglected to teach.
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It's only going to get worse.