social bankruptcy
n. The condition of being so overwhelmed by social media that the only solution is to close all one's accounts.
During the event, a film called “Social Bankruptcy” showcased what life would be like without social media, and how it affects individuals. Social media is everywhere, and it’s unavoidable, having become a communication tool for the majority of society.
—Melissa Chandler, “Social networking vs. handwritten letters to remain connected,” The Commuter, March 09, 2015
It’s the modern way of the world and everyone loves it. …well, not everyone. In a new clip from Portlandia Carrie has had it and decides to go off the grid and to declare social bankruptcy.
—Melissa Locker, “Watch Carrie declare social bankruptcy on Portlandia,” IFC, March 11, 2014
It took a while to accept it, but eventually I realized I had to declare social bankruptcy. I’d gone too far down a path that wasn’t working. I could see that it was time to get off that path entirely.
—Steve Pavlina, “Social Bankruptcy,”, January 26, 2012
2011 (earliest)
As for what to actually do to get out of your oh-so-social bankruptcy-in-progress, you’ve got two options.
Thanks to Mark Worden for spying this term. Here's the clip from Portlandia: