Lower-Income Teens Rely on Facebook More Than Wealthier Peers
*By Amanda Weston*
Teens whose families earn $30,000 or less a year are more likely to rely on Facebook than their wealthier peers. [A Pew Research Center survey](https://qz.com/1355827/do-teens-use-facebook-it-depends-on-their-familys-income/) reported 70 percent of teens in lower-income households still use the platform, compared with only 36 percent of teens in the $75,000 and up bracket.
"A lot of them have to do with resilience and how teens use Facebook to kind of get ahead," said Hanna Kozlowska, a reporter at Quartz. "So they use it for networking for example, because they might not have as much resources as wealthier teens."
About half of all teenagers use Facebook, but Kozlowska said that lower-income students who may not have as much access to resources turn to the social platform to get in touch with teachers, ask for homework help, and create a support network. Their older relatives are also more likely to be on the platform.
The teens who are still on Facebook may not want to spend as much time there as they do, said Kozlowska, and their numbers could dwindle if the adults they usually connect with age or abandon social media.
"Facebook isn't actively doing anything to kind of help them, to elevate them," Kozlowska said, and that the company didn't respond specifically to the Pew study. "They said, 'Oh, yeah, this is just an example of how an ad-based free network is good' right? They didn't particularly elaborate on that," she said.
Facebook had the biggest differences between three income brackets. Instagram and YouTube were the most consistent.
For full interview, [click here] (https://cms.cheddar.com/videos/VmlkZW8tMjIxODQ=).
Apple officially announced its self-service repair program allowing customers to buy individual tools and parts to fix their own devices. It comes as Apple continues to face pressure from 'right-to-repair' advocates. Ian Sherr, Editor at Large, CNET, joined Cheddar to discuss the significance of the move.
Drew McElroy, Chairman & Co-Founder of Transfix, joined Wake Up With Cheddar to break down how to address problems facing the trucking industry, amid rampant inefficiency and driver shortages.
Jill and Carlo are back to cover the latest in the Rittenhouse trial, new information on the origins of Covid, return-to-office and more.
JOIN US FOR THE YOUTUBE WATCH PARTY @ 9aET: http://www.youtube.com/cheddarnow
Roundhill Investments is investing in the metaverse, and it wants consumers to as well. The firm launched a metaverse exchange-trade fund called Meta back in June - the first ETF in the U.S. targeting investments in the next era of the internet. The fund's launch came months before the company formerly known as Facebook changed its name to Meta Platforms. Since the launch of Roundhill Investments' Meta ETF, it has grown significantly, reaching $500 million in assets. Roundhill Investments Vice President Mario Stefanidis joined Cheddar News to discuss.
A group of crypto investors has come together to raise millions of dollars in the hopes of owning a rare piece of the U.S. Constitution. According to the crypto group, "Constitution DAO" It is time to put the constitution in the hands of the people. CEO and Founder of Metaversal Yossi Hasson, joined Cheddar to discuss more.