It says that some parents have trouble with their children growing up. I doubt this is a new or unique phenomenon. I don't think the conclusion of the author's observation is valid, however.
As the parent of a recent college graduate I can tell you there is a much greater desire to hold a college or university more liable for the success of a student. First, because of the exorbitant tuition making a college education seem less of a "value". Second, because of the hype and salesmanship that went along with the enrollment process, short of promising that each freshman would end up CEO of a fortune 500 company, a best selling author or a Nobel winning scientist. Finally, and my apologies to the college professor members here, the lack of dedication, interest and ability of a large number of the faculty.