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platform addiction

​Meta Platforms CEO Mark Zuckerberg departs the court after taking the stand at a trial in a key test case accusing Meta and Google's YouTube of harming kids' mental health through addictive platforms, in Los Angeles, California, U.S., February 18, 2026.
Analysis

Has social media reached a tipping point?

When social media debuted in the early 2000s, it was hailed as a way to stay connected to family and friends, share milestones, and create new communities.

Two women making a monetary transaction
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Hobbies are having a moment

After shifting toward other forms of leisure, consumers are putting more money back into hobbies—with older Millennials spending more on hobbies than any other generation. Spending is accelerating across activities like hiking, camping, skiing, scuba diving, arts and crafts, and more. Subscribe to Bank of America Institute for more insights.