US job seekers are quietly giving up while Trump pushes plans to funnel SpaceX and other stocks into kids' "Trump accounts" — bad news for regular Americans, good for the billionaires getting propped up.

• The June jobs report was weak, and the share of people working or looking for work fell to its lowest in 50 years outside COVID — people are dropping out because they can't find jobs.
• Prices keep outpacing raises, and this is shaping up as the most expensive July 4th ever, so paychecks buy less.
• Trump is touting a plan for Elon Musk to donate SpaceX stock, and OpenAI a stake, into "Trump accounts" held for kids — a way to lock in retirement money and prop up shaky, cash-burning companies.
• Private credit funds are getting hit with billions in withdrawal requests as investors scramble to pull their money out.
• Trump's family keeps cashing in — crypto ventures, drone deals with Gulf states, 21,000 hidden trades around "Liberation Day" tariffs — even the Wall Street Journal editorial board called it out.

Outlook: Expect more pushes to steer everyday savings into these stocks, while jobs and wages stay under pressure.