We should have much stricter use policies on them. Especially for the younger demographics. Between social media, pay to win gaming, phone access, and loot boxes, we're really just setting young people up for failure.
I'd take a page out of the Korean approach to gaming where your SIN is associated with your login and some activities hold time/usage requirements.
If it were up to me, I'd straight up ban social media for youth and not allow parents to upload so much content involving their kids... Basically stealing the privacy of the kids in the process.
We used to care about privacy in society, but it feels dead now.