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TikTok users are posting clips online complaining about the cost of housing, groceries and gas. The Biden campaign is attempting to convince them that things are not so bad.
"Look at economic data, and you’d think that young voters would be riding high right now. Unemployment remains low. Job opportunities are plentiful. Inequality is down, wage growth is finally beating inflation, and the economy has expanded rapidly this year," the New York Times reports."Look a
Lately, the mainstream media have been delicately tiptoeing around the possibility that America "might" be in a recession. In the height of irony, evidently the mainstream media aren't paying attention to headlines: How the 'urban doom loop' could pose the next economic threat There's a huge warning sign that the housing market could be headed…
Social media influencers claim in videos viewed millions of times that the US economy is in a "silent depression," with income levels below those of the 1930s. This is false; the arguments are based on tax data from top earners in the Great Depression, not the wider population -- and other figures show a massive expansion of economic activity in the subsequent decades.
While the United States does not have a 25% unemployment rate like the 1930s, many Americans feel like they are struggling, worried about their deteriorating financial situation and are working harder and longer hours, only to stagnate or fall behind. On TikTok, this zeitgeist is called the "Silent Depression," comparing the current times to the era of the Great Depression.