As I write this, I have my laptop on my lap and I am listening to the TV and writing this story. Next to me Sherri is harvesting her crops in FarmVille. We jokingly debate whose habit is more of a waste of time. She says that watching TV is a waste of time and I jokingly ask her what she can do with all the money she has earned on FarmVille. As you can imagine, there are no real winners to this debate.

A new study from Nielsen shows what we are – and aren't – doing with our time. It shows that many people are tinkering or dabbling in social media. Tinkering or dabbling, meaning that folks get stuck in a “time suck,” which is now taking up more time than email and online gaming. ”Time suck" is a new phrase often used to describe online social networks like Facebook and online games like FarmVille. The latest Nielsen research quantifies the phenomenon, showing that nearly one-third of the time Americans spend online is devoted to such activities.

The report finds that American consumers spent 43% more time (June 2009 vs. June 2010) on social networks such as Facebook, Twitter and LinkedIn. Just how much time is spent in the social realm? More than one-third was spent communicating via social networking, IM, email, blogs or message boards.

"Despite the almost unlimited nature of what you can do on the web, 40% of US online time is spent on just three activities – social networking, playing games and emailing leaving a whole lot of other sectors fighting for a declining share of the online pie," said Dave Martin, Nielsen analyst.

The increase in time spent 'socializing' online took time away from past time sucks such as email (28% decline in time spent) and instant messaging (15% decline). At the same time, the amount of time spent with social gaming has also seen a sharp increase; Farmville, for example, takes up about one-tenth of all US online time.

Social media, which consumers are now using not just to communicate but to read the latest news and information, is also taking time away from big hubs such as Yahoo and AOL. In 2009, about 5% of America's online time was spent in portals but in 2010 that percentage dropped to 4%.

Studies like this one say that we are spending less time on email and more time on social media. Are you seeing any changes in what occupies your time?

Howard Fenton is a Senior Consultant at NAPL. Howie advises commercial printers, in-plants, and manufacturers on workflow management, operations, digital services, and customer research.