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Inflation Hits Seniors' Savings Hardest

In a segment on Fox News, former Trump economic adviser Steven Moore discusses how inflation disproportionately affects older individuals with savings. He argues that inflation erodes the value of their savings, making it harder for retirees to maintain their standard of living. Moore responds to Vice President Kamala Harris blaming former President Trump for the current economic situation, emphasizing the impact on older Americans.

For more details, you can watch the full video here.

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US Hiring Declines Sharply in July, Raising Recession Concerns

The U.S. economy faced an unexpected setback in July as hiring dropped sharply, adding only 114,000 jobs—35% fewer than expected. The unemployment rate increased to 4.3%, the highest since October 2021. Raised interest rates have impacted businesses and households, leading to market declines, with the Dow dropping 610 points. Despite the slowdown, some economists believe the job market remains healthy, though concerns about a potential recession are growing. Read Now.