I see social media as extremely problematic across a bi-modal distribution. Those most negatively affected are either under 30 or over 60. There is nothing special about those in them middle other than the context that they may have—or rather, are more likely to have—for what is "real" and what is "fake". If you are between 30 and 60 it's possible you have more context for how to understand what is real and what is fake because you watched the internet evolve. I've noticed this group has a better probability of understanding things like the authority of some domains over others. They seem to be able to spot things like scams on Facebook a bit easier.
Seniors are so vulnerable on the internet today, particularly on Facebook. The damage that social media is doing to the mental health of seniors is just as bad if not worse than what it's doing to youths. Seniors actually seem to trust social media more in many ways.