Well for all the pious catastrophists, I think MrsBaldwin's post on the other thread gives a decent counter balance
"Here are my predictions for Jake Myerson's future (with apologies for their appalling cynicism, if he himself is reading!)
Spends a bit more time dossing about smoking dope/playing guitar etc (whilst mum and dad earn more money writing about it).
Sees the light one day whilst lolling in dingy bedsit reading philosophy book or similar.
Signs up for degree at ex-poly/new university and gets a First (for added irony, this will be in Psychology).
Then either:
*decides to do a PhD and earns a bit of extra on the side writing articles about how it felt to be the subject of a book by his mum (taking a leaf out of her book, you see), before getting a part-time junior lecturing job and eventually climbing to tenure
or:
*discovers having got his degree he's competing for work with other younger, redbricks and Oxbridges - mum and dad help out by ringing round various contacts fixing up work experience/internships in media/PR or other similar field, one of whom eventually gives him a job.
In both scenarios he ends up fine - and beats the kids who all wanted similar jobs too, to pole position."