The economic principle I'm exploring is "Institutions are the “rules of the game” that influence choices."
My research question to help me study this economic principle is “Does FOMO play a role in self-esteem?”
An article published by Sherri Gordon, titled ¨How FOMO Impacts Teens and Young Adults” demonstrates my economic principle by providing reasons as to why FOMO affects our self-esteem and how we feel when we aren’t in our social world, rather in the real world.
In simple terms, FOMO stands for "fear of missing out." “FOMO, refers to that nervous or anxious feeling a person gets when they realize they are not attending a social event either because they were not invited or they just did not feel like going.”
what should come as a surprise to readers is that FOMO can actually play a unexpectedly big role in self-esteem. Data shows, FOMO “may cause them to lose their sense of identity and to struggle with low self-esteem. But worse yet, when they are struggling with FOMO, that means they are so focused on what others are doing that they forget to live their own lives.”
In my opinion, FOMO has a strong impact to our lives. According to Project Know, teens also may feel pressured to use drugs or alcohol in order to keep up with friends or celebrities they follow on social media. “They also may have lower levels of satisfaction with their lives, which makes them especially vulnerable to other mental health concerns.” which demonstrates the disadvantage of having the FOMO.
“Another consequence of FOMO is distracted learning as well as distracted driving. For instance, teens with high levels of FOMO were more likely to check their social media feeds during class or while driving. What's more, they were also more likely to text and drive.” This shows all the effects of having FOMO, and how there is a very real correlation between the number of hours spent on digital technology and higher levels of stress and depression.
In conclusion, FOMO is another factor causing self-esteem. This proves and answers my question, “Does FOMO play a role in self-esteem?” and my answer is, Yes! It does.
In my next, and final blog post, I will be covering all the 5 topics I addressed about “How Social Media plays a role in Self-esteem.”
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