I think it’s more a matter of both extremes.

I’ve seen stay at home parents who put their kids in daycare so they can spend the day shopping and effectively have someone else raise their kids. Their kids end up largely just being status symbols. I’ve also seen parents that go everywhere with their kids, schedule every moment of their day and won’t even let them stand at the school bus stop by themselves. The parents build their entire lives around their kids and live vicariously through them.

IMO, kids need a proper balance and I don’t think a lot of them are getting that.