Social media, wasting time, and product traps.

The key point is that many social media users wish the Social Media platforms they use did not exist and would even be willing to pay to put it out of existence.

Key Insights 

Three empirical studies raise serious doubts about whether social media use makes people happy, with implications for valuation, choice, and well-being. The central conclusion is that many people use social media because other people use social media. If social media use were somehow reduced or even stopped, many people would be better off, and they are aware of that fact. 

The first study finds that people are willing to pay far less to use Social Media platforms than they would demand to stop using them. The fact that people would pay little or nothing to use such platforms raises the possibility that many think they are wasting time when doing so. 

The second study finds that people lose welfare from using Facebook. Even after experiencing a happier month without Facebook, however, they would demand a significant amount of money to stop using the platform for an additional month. The fact that people are more anxious and depressed when using Facebook provides strong cautionary notes about the idea that such use increases well-being.

 The third (and, in important ways, the most revealing) study finds that while many young people would demand a significant amount of money to stop using Instagram and TikTok, they would also be willing to pay to eliminate those platforms from their community. Social media platforms impose a “negative non-user externality”, i.e., they impose a cost on people who do not use them. A reasonable conclusion is that if social media platforms did not exist, many users would be better off.

World Happiness Report 2026 - Chapter 8 - Social media, wasting time, and product traps.