This research investigates the psychological effects of social media on a global perspective, incorporating a range of scholarly sources to analyze its complex influence on mental well-being. By conducting an extensive review of the literature, this study examines the positive and negative ramifications of social media usage, taking into account diverse demographic and cultural contexts. Methods: This study employs a systematic review approach to examine pivotal studies and articles that were published from 2022 to 2024. The primary emphasis is on studies that provide global perspectives, with a focus on comparative analyses, statistical correlations, and theoretical discussions that are pertinent to the psychological impacts of social media. Results: The results of this study demonstrate an intricate correlation between the utilization of social media platforms and individuals' psychological well-being. Specifically, they suggest that although social media can foster a sense of community and assistance, it can also amplify emotions of isolation, apprehension, and melancholy. The impacts exhibit substantial variation among distinct populations, wherein pivotal determinants include age, cultural heritage, and patterns of utilization. The study has determined that the influence of social media on mental health is complex and contingent upon the specific circumstances. It is imperative to recognize the potential advantages and disadvantages of social media in order to formulate approaches that minimize adverse consequences while amplifying favourable ones, thereby fostering more salubrious digital environments.