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Keyword: silentdepression

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  • Are we in a ‘silent depression’? TikTokers claim 2023 economy is worse than Great Depression

    12/11/2023 8:53:44 AM PST · by Red Badger · 76 replies
    WREG-TV3 Memphis ^ | Dec 11, 2023 / 06:56 AM CST | by: Iridian Fierro, Alix Martichoux
    Inflation is easing, unemployment is relatively low, and the stock market looks strong, economics experts say. So why does it still feel so bad? A host of TikTokers have coined a name for it: “silent depression.” They say the economy is bad – just as bad as it was during the Great Depression – but no one is acknowledging it. One viral video compares 1930 prices with today’s, claiming the average home back then cost $3,900, a car was $600 and rent was $18 a month. Meanwhile, the average salary was $1,300, the TikToker says. Today, those prices are all...