SwiftUI Segmented Control Not Selecting Values

I am using SwiftData and SwiftUI in my application. I have an ExpenseType enum with few cases. I am displaying these cases in segmented control but for some reason I cannot see the selected option in segmented control. Do you see something that I am missing?

enum ExpenseType: String, Codable, CaseIterable, Identifiable {
    case business, personal

    var id: ExpenseType { self }
    
    var title: String {
        switch self {
        case .business:
            return "Business"
        case .personal:
            return "Personal"
        }
    }
}

@Model
class ExpenseItem: Identifiable {
    var name: String
    var type: ExpenseType
    
    init(name: String, type: ExpenseType) {
        self.name = name
        self.type = type
    }
}


struct ContentView: View {
    
    @State private var selectedExpenseType: ExpenseType = .business
    
    var body: some View {
        VStack {
            Picker("Select expense type", selection: $selectedExpenseType) {
                HStack {
                    ForEach(ExpenseType.allCases) { expenseType in
                        Text(expenseType.title)
                            .tag(expenseType)
                    }
                }
            }.pickerStyle(.segmented)

        }
        .padding()
    }
}

Do not wrap the picker options in an HStack. The picker will treat this as one single option that does not have a tag, and therefore no option is selected.

Picker("Select expense type", selection: $selectedExpenseType) {
    ForEach(ExpenseType.allCases) { expenseType in
        Text(expenseType.title)
            .tag(expenseType)
    }
}.pickerStyle(.segmented)