Some great points here. It is indeed a concern as social media becomes ever more present in people's lives, they are not truly living life, at least not as much as they are claiming to online. It falls back to the mantra, of sorts, that the world is a stage and it is all fake. So true for what we see online - no one wants to admit to living a boring life, no one finds excitement in others posting about going to work, paying bills, and now sitting in their favorite chair enjoying some TV time.
So everyone cooks up these, sometimes very obvious, fake events and posts them to their social media. This leads to others feeling bad about their lives because they don't have an exciting life like people on Instagram, Facebook, etc. So to combat this, they lie about their lives so they seem cool too. It just keeps going.
I was born in 1976, I lived through no cell phones, lackluster rules from parents into the super strict era to the "I must show everyone everything to seem cool. It has been a wild ride and I am somewhat worried about how life will look in the next 20 years, I am sure it will be drastically different than what we see now.
I do know from experience, we let go of the least obvious things first. How many times have you seen kids riding bicycles, playing by the creek, etc? Technology changes us in weird ways, makes natural things seem less natural, unless we see it online then we yearn for those days, but do nothing to make them come back.
RE: From Heritage to Hashtags: The Impact of Social Media on Cultural Identity