On top of that, you need to supervise them, and even then, they should not be allowed to use social media, which ought to be 18+ anyways.
I understand this is all a lot to ask in our society. There is no "good" answer to this problem. But we should all try to do the best we can, and not forget that big tech puts hundreds of millions, if not billions, into making social media as addictive as possible. I'd say we're at a point where it's sensible to conclude it's now more addictive and harmful than tobacco, though our society has yet to come to terms with this fact. Even if we put a stop to it now (we won't), our current social media infrastructure will likely haunt us for centuries.