The begining of Generation X
I thought this movie was perfect in portraying the trend that started, especially with suburbanites when kids and teenagers were severely neglected and taking a back seat in society and had their own subculture, with their Silent Generation/Tail End Baby Boomer parents all selfish and clueless.
Many sociologists describe X'ers as having been born from the early 1960's to early 1980's; basically, anybody that was in high school between the late 1970's to late 1990's.
Nowadays, many adults in their 30's and 40's aren't much different than the kids in high school today and dote on their kids and teens!