Following example has a very simple class with couple properties of string and enum types.
But somehow Picker does not change value.

Any ideas what am I doing wrong?

import SwiftUI

enum AccountType: String, Identifiable, CaseIterable {
    var id: AccountType { self }
    
    case Bank = "Bank Account"
    case Cash = "Cash in a wallet"
}

class Account {
    var name: String = ""
    var type: AccountType = .Cash
}

struct ContentView: View {
    @State var newAccount: Account = Account()
    
    var body: some View {
        VStack {
            Picker("Type", selection: $newAccount.type) {
                ForEach(AccountType.allCases) { (type: AccountType) in
                    Text(type.rawValue).tag(type)
                }
            }
        }
        .padding()
    }
}

#Preview {
    ContentView()
}