We've had Elvis's hips, communists, hippies, satanic rock, video-nasties, murder-simulating computer games, raves and have worked our way through at least 3 waves of 'internet panic' My guess is we'll rank this discussion in retrospect the same way as those previous 'issues'
When I read a story about "the Republican congresswoman from Washington confronted Facebook CEO Mark Zuckerberg" I can almost hear the mantra instilled in Mark's head "Don't say nobody under 30 is using Facebook, say anything, admit anything, just appear relevant"
Now I'm definitely not saying social media is blameless - but it's not invented aspirational capitalism or bullying. It existed, will always exist, and just uses the conduits available.
If we consider the message, not the messenger, I actually think "the youth of today" is far better adjusted than I was at their age.
But we're not allowed to say that are we? There's never been a generation than looks at the new one, and collectively says they're better than us.