I'm running into the exact same issue. It appears Apple may have a version with a Label because the interface declares one but then only publicly restricts it to Text.
Procrastin8
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Haven't watched the session yet but if it's a value type, @State is correct and it wont get regenerated on each init or each body call. If it's an ObservableObject, then you'd be correct in choosing @StateObject (or @ObservedObject if someone outside of the SwiftUI view hierarchy owns the object.)