Claims of Silent Depression Don't Match Data, But Inequality and Unaffordability Fuel Economic Angst
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Claims of a "silent depression" don't match economic data - GDP growing, unemployment low, unlike 25% GDP contraction and 25% unemployment during Great Depression
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Comparisons of incomes and purchasing power between 2023 and 1930 often misleading or apples-to-oranges
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Housing affordability driving economic angst; income inequality also a factor making people feel they can't keep up
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TikTok popular with young adults who may rightly feel American Dream more out of reach than parents' generation
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Safety nets like unemployment benefits and SNAP help cushion economic blows unlike during 1930s Great Depression