“What’s happening to the economy in America is terrible.”

Two unhappy eyes look straight into the camera. “We are in the midst of a silent depression,” it reads. A young American stands in the middle of a forest for unknown reasons and explains that his country is in economic decline. “I’m going to explain why.”

He compares life ‘now’ to life in the 1930s. ‘Back then, 48 per cent of young people between the ages of 25 and 29 lived with their parents, now it’s more than 52 per cent. According to the video, which has been viewed more than a million times, everything in life has taken a turn for the worse: income, gas prices, groceries, cars, houses.

It will be Quiet depression Named; American teenagers on TikTok don’t want to talk about anything else. They compare the state of the economy to the Great Depression. Their take: Things are getting really bad right now, but no one is talking about it. Videos of young Americans venting their socio-economic woes to the world are going viral on TikTok. “What’s going on here is terrible!”

Joe Biden

The White House is reeling from this online trend. Now that the campaign season has begun, Joe Biden is happy to trumpet his economic success. Low inflation! Jobs! No unemployment! Don’t those young people want to see it? Or is something else going on?

More than 40 percent of Americans get all their news from the platform on TikTok. People who don’t read newspapers or watch CNN or Fox. And if on that platform The country is in a recession, and what does it mean for the Democrats to not win elections without the youth vote? The White House has been trying to steal hearts on TikTok for some time now. Joe Biden writes personal letters to left-wing TikTokers. Last year he invited the entire crowd to the White House. Now his team is trying to inject positive messages about the economy on social media.

Quarter price is high

A year before the presidential election, Americans are still worried about the economy. Top inflation has eased to 3 percent, but groceries are a quarter more expensive than they were four years ago. House prices have nearly doubled. Young people are especially worried. They have to live with their parents for a long time and cannot afford a car. Nearly sixty percent of voters under 30 think the economy is in bad shape, it shows New York Times/Siena College poll. On TikTok they ask that they are in the middle of a depressive episode The zeitgeist is over. The question arises whether it is correct.

The Great Depression was a long economic crisis in which many banks failed, people lost their homes, and the stock market collapsed. One in four Americans was unemployed then, compared to four in one hundred now. Yes, prices are up, but so are incomes. “A lot of things feel heavy,” says Betsy Stevenson, an economics professor at the University of Michigan. The New York Times. People tend to think more of the value of money in standard terms called ‘money illusion’. Experts see false numbers in TikTok posts about silent depression

The forgotten middle class

At the same time, many people’s livelihood concerns are not imaginary. Young Americans spend a large portion of their income on rent, mortgages, education, and health care. Also, many ad hoc agreements have taken away any sense of stability. Then there is the fear of being replaced by technology. According to some experts, a ‘forgotten middle class’ is emerging in America, with concerns that are not always captured in statistics. Who knows, the White House may be able to weather the recession in time.