The widespread adoption of social media platforms has transformed the way people connect, communicate, and share information in today’s digital landscape. This research paper delves into the multifaceted relationship between social media usage and overall well-being, aiming to provide a comprehensive analysis of its effects on individual’s mental, emotional, and social health. Drawing upon a diverse range of empirical studies and scholarly literature, this research paper investigates the complex interplay of factors that influence how social media impacts well-being. The study is based on a structured questionnaire, the responses were taken from around 120 individuals from various Indian states and other countries. It explores the potential advantages, including improved social connectivity, information dissemination, and opportunities for self-expression, as well as the potential drawbacks, including cyberbullying, social comparison, and digital addiction. The paper also explores the role of various demographic factors, including age, gender, and socioeconomic status, in mediating these effects. It highlights how different populations may experience distinct well-being outcomes in response to their social media interactions. In summary, this research paper synthesizes current knowledge regarding the influence of social media on well-being, offering a nuanced understanding of the subject. It emphasizes the ongoing need for research and practical interventions that harness the positive aspects of social media while addressing its potential challenges, ensuring a balanced and positive impact on our overall well-being in the digital era.