Thursday, December 31, 2009, 8:46AM ET - U.S. Markets open in 44 mins..
Morley Safer raised the alarm bells for his fellow 70-somethings on "60 Minutes" earlier this month. "The millennials are coming!" he trumpeted in a typically damning segment that called our generation "narcissistic praise hounds."
This kind of unthinking condemnation of young people is neither new nor on target. In my experience as a frequent visitor to campuses across the country, young adults are confident, hardworking, pragmatic, and energetic. They are also highly social, have a global outlook, and are dedicated to service.
IMing Mom and DadOne new tendency that does give them a bad rap, however, is the trend of frequent, even daily, contact by cell phone, email, and instant message with their "helicopter parents."
"My parents are divorced, so I talk to both of them at least once a day," says Christina Peters, a junior at Northern Michigan University. "They help me understand things that are going on with my life. I even ask my fiancé's mom about things to get her view on them."
Just like a chopper 50 feet overhead, overly concerned parents can be a noisy, disruptive force for young adults who are supposed to be learning to manage their own educations and lives.
This is a Generation Debt problem, because over-parenting may have negative consequences for young people while they're students and even worse effects when they graduate and start their first jobs. It may also have a Generation Debt explanation. Parents who are paying far more for their students' educations might be pushing a little too hard to try to get the return on their investment.
Researching the PhenomenonUntil now, there's been very little research on this phenomenon. But a few weeks ago, the National Survey of Student Engagement polled nearly 10,000 students at 24 schools on the topic, with results that surprised even the researchers. Seven out of 10 students reported that they were in contact with a parent or guardian "very often," usually the mother. Furthermore, one-quarter of freshmen -- and even 21% of seniors -- reported that their parents sometimes "intervened" in their educations in some way.
"The first surprise was that these students were not disadvantaged at all," says research director George Kuh, from Indiana University. "They were as engaged or more engaged in college than their peers who were less closely connected, and they reported more satisfaction with the college experience."
But even though these highly attached students' self-assessments were very positive, Kuh found that they had "significantly lower grades." In other words, the students who talk to Mom and Dad every day aren't introverts with no friends and no activities, but they might be underachievers.
The weaker grades didn't surprise the professors I talked with. "I'm very familiar with the concept of helicopter parents," says Tom Grier, the information director at Winona State University in Minnesota. "For a small number of students, the hovering parent can be helpful. Perhaps the students with ADD need frequent, gentle reminders to stay on task. For most college students, however, the helicopter parent may do more harm than good. Part of the college experience is gaining independence, growing up, making adult decisions, and learning the consequences and trade-offs that emerge from each decision."
Grier says that some students turn up in his office tearful because their parents are applying too much scrutiny; some may even drop out of school.
Unimpressive InterventionsProfessors, by and large, aren't impressed with so-called interventions by parents. Dr. Hope May, the director of the Center for Professional and Personal Ethics at Central Michigan University, had a student who always cut class and failed to even show up for the exam.
"His father called me and begged me to let his son take the exam. 'He has many problems,' blah blah," May says. "To which I replied, 'You are not helping him; you need for him to hit bottom and make a choice.' What was more disturbing is that this student's father is a professor!"
Even the best-educated parent can show poor judgment when it comes to his own kid. However, Kuh says what really surprised him about the survey results was that there was no parental-education effect. That is, first-generation college students were just as likely to speak with parents very often as the offspring of highly educated parents. But Kuh speculates that there may still be class differences in the kinds of conversations parents have with their students.
"Educated parents may be encouraging students to take full advantage of the college experience, which is something they understand well," he says. "First-generation parents may be talking more about money, how expensive this is. For many parents, sending a child to college may mean half of their income."
Even a well-off parent who's paying $40,000 a year might feel more pressured or entitled to make a little noise if the student isn't up to snuff. Just like an anxious investor calling her broker, this parent has got a lot riding on that student's performance.
May and Grier also both point out that it can be very difficult for parents to know just when to give encouragement and when to back off. Support that is necessary for a freshman, for example, may be overkill for a senior.
The irony is that parents who have the resources to do everything to help their young adults succeed may not really be helping as much as parents who, out of necessity, leave them to figure things out on their own.
"A lot of people from lower-middle-class backgrounds such as myself don't have the luxury of parents with the means to help them a whole lot after they go off to college," says Derek DeGraad, a senior at the State University of New York at Fredonia. "I can't relate well to some of these students whose parents take care of all their finances and banking for them and have a heavy hand in their academic choices.
"Maybe it's because my folks make a combined $30,000 a year and have their own finances to worry about. The more I can reassure them that I'm taking care of everything myself, the less stress I need to impose on them. They've done enough for me during my first 18 years."
This survey is just the beginning of inquiry into this topic. I'd like to see more of the negative stereotyping of millennials replaced with real research like this.








According to economics professor Laurence J. Kotlikoff, Generation Debt offers "a truly gripping account of how young Americans are being ground down by low wages, high taxes, huge student loans, sky-high housing prices, not to mention the impending retirement of their baby boomer parents." Generation Debt will inspire you to take charge of your financial future.
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