Teens and parents alike are reaching for their phones at an alarming rate, according to a new Common Sense Media study.

It finds that 45% of parents and 39% of teens admit they feel addicted to their devices.

The study also finds that 54% of parents and 58% of teens say they're distracted daily by their phone or tablet.

And 26% of parents and 36% of teens say they even wake up at least once a night to check their phones.

Dr. Pam Hurst is the founder of Children and Screens: Institute of Digital Media and Child Development and is also a clinical assistant professor of health care policy at Stony Brook University. She says parents and kids should talk about finding a balance between life and technology that works for them.

Some key points to note: Researchers say phones and tablets should be kept away from children until at least age 2; parents and kids should avoid keeping phones in their bedrooms; turn off your screens an hour or two before bed to give yourself time to relax; when first getting home from school or work, keep your phone off and reflect on your day.