Is the U.S. in a ‘silent depression?’ Economists weigh in on the viral TikTok…

The U.S. economy has remained remarkably strong but affordability is worse than it has ever been, some social media users say, even when compared to The Great Depression. One of TikTok’s latest trends, coined the “ silent depression ,” aims to explain how key expenses such as housing, transportation and food account for an increasing share of the average American’s take-home pay. It’s harder today to get by than it was during the worst economic period in this country’s history, according to some TikTokers. But economists strongly disagree. “Any notion from TikTok that life was better in 1923 than it is now is divorced from reality,…