You can be on Entrepreneur’s cover!

Despite Social Media's Popularity, Most Americans Don't Want to Give Up Private Data Clearly, the latest report from Pew shows we're conflicted, because we're still all on Facebook.

By Laura Entis

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

2nix Studio | Shutterstock

In a new report on privacy, the Pew Research Center explores the tricky balance between the desire to control our personal data and our love of convenience and free stuff.

Pew surveyed more than 450 U.S. adults last winter, asking them whether they'd be comfortable handing over their information in six separate situations, ranging from workplace surveillance to having their driving monitored by a car-insurance company. The takeaway? We're conflicted -- 17 percent of respondents said they wouldn't take any of the deals described, and only 4 percent say they would accept all of the deals -- and our willingness to swap data for value depends on the situation.

Related: The Psychology Behind Why We Like, Share and Comment on Facebook (Infographic)

Of the six outlined scenarios, respondents were uncomfortable with the privacy tradeoffs required to access free social media. In that scenario, Pew outlined a social-media site -- a clear Facebook stand in -- which gives users free access in exchange for the ability to sell them ads using their personal data. Only a third of respondents thought this tradeoff was "acceptable," 15 percent said it depended on the situation, and 51 percent found the tradeoff "unacceptable."

To be fair, much of this is generational -- around 40 percent of those under age 50 say this deal would be acceptable, compared with nearly a quarter of those ages 50 and above, and one expects that percentage would only go up with younger demographics.

Still, it's an interesting statistic that illustrates that social networks, for many of us, have become a part of daily life but still have the power to make us deeply uncomfortable.

Wrote one respondent, "Although I understand this scenario is already standard practice, it uses information collected about me in a manner not for my benefit, without my consent."

Related: How Facebook 'Likes' Could Be Used to Make Personality-Based Hiring Decisions

Laura Entis is a reporter for Fortune.com's Venture section.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Samsung Makes 6 Day Workweeks Mandatory for Executives as the Company Enters 'Emergency Mode'

Samsung said its performance "fell short of expectations" last year. Now executives are required to work weekends.

Business News

I Tried Airchat, the Hottest New Social Media App in Silicon Valley — Here's How It Works

Airchat is still invite-only and prioritizes voices with no option to upload photos or write text, making it feel more human than Facebook or Reddit.

Leadership

You Won't Have a Strong Leadership Presence Until You Master These 5 Attributes

If you are a poor leader internally, you will be a poor leader externally.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

The FBI Is Warning of a New Text Message Scheme Claiming Unpaid Toll Road Charges

The agency estimates the grift has been ongoing since early last month.