By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Money MindHubMoney MindHubMoney MindHub
  • Home
  • Investing
  • Business
  • Personal Finance
  • Marketing
  • Banking
  • Mining
  • Retirement
Reading: Majority Of Social Media Users Admit They’d Be Happier If It Didn’t Exist
Share
Notification Show More
Money MindHubMoney MindHub
Search
  • Home -Money
  • Investing
  • Business
  • Personal Finance
  • Marketing
  • Banking
  • Mining
  • Retirement
© 2024 All Rights Reserved | Powered By moneymindhub
Money MindHub > Marketing > Majority Of Social Media Users Admit They’d Be Happier If It Didn’t Exist
Marketing

Majority Of Social Media Users Admit They’d Be Happier If It Didn’t Exist

MoneyMindHub May 31, 2024
Share
3 Min Read
A,Caucasian,Man,,Lying,In,The,Sofa,Wearing,Pajamas
SHARE

A new study reveals that most social media users, especially young people, continue to use platforms like Instagram and TikTok even though doing so makes them unhappy. They feel trapped in using these apps primarily because they fear missing out if they don’t participate.

Online Experiment Surveys 1,000 College Students

Researchers at the University of Chicago, UC Berkeley, Bocconi University, and the University of Cologne conducted an online survey experiment of 1,000 college students across the U.S. focused on Instagram and TikTok use. Participants were randomly assigned to different groups.

Students were first asked how much money they would need to be paid to deactivate their Instagram or TikTok accounts for four weeks while their peers continued using the platforms. This measured individual consumer surplus.

They were then asked how much they would pay to have their entire university network, including themselves, deactivate the platforms for four weeks. This accounted for negative spillovers.

Finally, students reported how much they value the platforms when everyone else is on them versus when no one else is. This quantified the network effect.

Majority Find Social Media Use Unfulfilling

The study found that students would need to be paid $59 on average to deactivate their TikTok accounts and $47 to deactivate Instagram for one month, assuming their peers continued using the platforms.

However, if both they and their peers deactivated their accounts, students said they would be willing to pay $28 on average to delete TikTok and $10 to remove Instagram.

The authors write:

“Taken together, these results imply the existence of a ‘social media trap’ for a large share of consumers, whose utility from the platforms is negative but would have been even more negative if they didn’t use social media.”

By accounting for the adverse spillover effects to non-users, the study calculates that 64% of TikTok users and 48% of Instagram users experience a net loss of welfare from the products existing in the first place.

See also  Applebee’s taps NFL star as undercover server to promote new burger

The findings suggest students value social media platforms significantly more when their peers also use them, revealing a strong network effect. TikTok usage was valued 33% higher among peers, while Instagram was valued 24% higher.

These platforms have figured out how to make people feel left out for not participating. Even when users themselves report negative well-being from spending time on the apps.

In Summary

This research reveals that most young social media users feel trapped by platforms that ultimately decrease their happiness. While fear of missing out and network effects strongly compel participation, users would prefer non-use if peers abandoned accounts, too.

As social media continues growing, society must grapple with its complex effects on wellbeing.


Featured Image: nito/Shutterstock

You Might Also Like

Brawny brings back the Brawny Man for brand refresh

How Keebler’s ‘elf-vertising’ experiences bridge the physical-digital gap

Are You Web 3.0 Ready? 12 Steps For A Successful Social Media Audit

Why QVC is targeting Gen X with a TikTok livestream shopping event

Inside the marketing industry trends to follow in 2025

TAGGED: Lakshmi Kalyanam
Share This Article
Facebook Twitter Copy Link
Previous Article How to Create Effective Recognition Programs for Startup Founders How to Create Effective Recognition Programs for Startup Founders
Next Article Smart young brown businesswoman working from home on a laptop 5.7% dividend yield! 2 dirt cheap passive income shares to consider in June
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

What is an ETF? (Exchange-Traded Fund)
What is an ETF? (Exchange-Traded Fund)
Investing May 8, 2025
OpenAI Hires Instacart CEO to Oversee ChatGPT, Applications
OpenAI Hires Instacart CEO to Oversee ChatGPT, Applications
Personal Finance May 8, 2025
Brawny brings back the Brawny Man for brand refresh
Brawny brings back the Brawny Man for brand refresh
Marketing May 8, 2025
Passive and Active: text from letters of the wooden alphabet on a green chalk board
Up 20% with a 9% yield! This stock remains my top passive income earner
Investing May 8, 2025
MARA Holdings Achieves Impressive 705 BTC Production in April
MARA Holdings Achieves Impressive 705 BTC Production in April
Mining May 8, 2025
How to Get a Small Business Loan When Self-Employed
How to Get a Small Business Loan When Self-Employed
Business May 8, 2025

Recent Posts

  • What is an ETF? (Exchange-Traded Fund)
  • OpenAI Hires Instacart CEO to Oversee ChatGPT, Applications
  • Brawny brings back the Brawny Man for brand refresh
  • Up 20% with a 9% yield! This stock remains my top passive income earner
  • MARA Holdings Achieves Impressive 705 BTC Production in April

Recent Comments

No comments to show.

You Might also Like

Brawny brings back the Brawny Man for brand refresh
Marketing

Brawny brings back the Brawny Man for brand refresh

May 8, 2025
How Keebler’s ‘elf-vertising’ experiences bridge the physical-digital gap
Marketing

How Keebler’s ‘elf-vertising’ experiences bridge the physical-digital gap

May 8, 2025
Are You Web 3.0 Ready? 12 Steps For A Successful Social Media Audit
Marketing

Are You Web 3.0 Ready? 12 Steps For A Successful Social Media Audit

May 8, 2025
Why QVC is targeting Gen X with a TikTok livestream shopping event
Marketing

Why QVC is targeting Gen X with a TikTok livestream shopping event

May 7, 2025
moneymindhub moneymindhub

Our mission is to empower individuals with the knowledge and tools they need to achieve financial independence and make informed financial decisions.

Editor Choice

A 13% yield? Here’s the 3-year dividend forecast for a top income share
How To Manage A Fast Business Loan
How to Sell Feet Pictures Online and Make Money in 2024
15 Gig Economy Jobs to Make Money Quickly

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook Twitter Telegram
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Reading: Majority Of Social Media Users Admit They’d Be Happier If It Didn’t Exist
Share
© 2024 All Rights Reserved | Powered By moneymindhub
Welcome Back!

Sign in to your account

Lost your password?