That's the argument of a recent article in 'Philadelphia' magazine.
Here's the nub:
"How is it that a group of moms and dads who love their kids so much, and who were so intent on being great at raising them, has turned out to be, arguably, the worst parents ever? The short answer might be expressed like this: We've been too uptight about things achievement, success, appearances we should have been relaxed about, and too relaxed about things values, integrity that we should have been more uptight about."
But you might be interested in the rest, too -- the Main Line communities it features sound an awful lot like Palo Alto.