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Millennials Are Seeking Prenups—and It Might Just Be Worth Considering

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How the Senate Tax Bill Could Impact College Graduates

It seems like everyone’s talking about the Tax Cuts and Jobs Act these days. Whether you’re refilling your glass at the water cooler or going out with friends for craft beer after work, you’re likely worriedly discussing its impacts—especially if you’re currently a student or recent grad with student loans. That’s because the bill might have a significant effect on the bottom line of those with student debt.

No one likes to pay more in taxes, but if you have vivid memories of how the refund you received because of the student loan interest tax deduction helped you fix your car when it broke down last May, you likely feel passionate about the potential elimination of this deduction.

But are the issues you’re worrying about guaranteed if the bill is passed? Not necessarily. Confused? Here’s some things to know about the Tax Cuts and Jobs Act.

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Data Suggests Student Loan Stress More Extreme Than You Thought (and with ‘Refi and Relax’ Campaign, SoFi Looks to Alleviate Some of It)

It’s well documented that student loans are a big source of stress among graduates. For those carrying the 1.34 trillion dollars in student loan debt currently totaled in the U.S., the burden causes strain in ways you might be able to predict—loss of sleep, anxiety—and in some ways that are surprising.

According to a recent SoFi member survey of over 1,200 respondents with student loan debt, the lion’s share of respondents confirmed how student loan stress impacts mental health. Eighty three percent shared that they’ve felt like they couldn’t relax due to the burden of the debt, and a full fifty percent felt that dealing with student loan debt has caused them to feel depressed. Over a third of respondents have reported actually losing sleep due to student loan debt, and a large number noted that it’s caused them to miss out on opportunities to travel, promote self care, and make major life decisions.

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After Refinancing, SoFi Data Shows That Women Pay Off Their Student Loan Debt Faster Than Men

Data insights provided by the Analytics Team at SoFi

Today’s post is all about how men and women* compare in our student loan refinancing data set. What we found? Both men and women have high student debt loads. (Not a revelation.) Men also get paid more than women on average. (Also not a revelation.)

But here’s what’s interesting: Despite the fact that women have as much student debt and make less money than men, women in the SoFi data set pay their debt off more quickly than men—by nearly 10% (9.3% exactly).

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Wealth Market Commentary (Week of September 25, 2017)

A Note on the Taper

Now that the markets are accustomed to heightened tensions with North Korea, attention is shifting back to monetary policy once again. In the aftermath of the global financial crisis, several of the world’s central banks employed extraordinary measures to help stabilize economies. Now the question is how are they going to scale back, or “taper,” those policies and what affect that will have on asset prices.

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Wealth Market Commentary (Week of August 21, 2017)

Good Data, Bad Geopolitics, and Exchange Rates
Asset prices remained relatively flat over the past month, caught between the push of positive economic data on equities and the pull of geopolitical tensions. While North Korea’s nuclear threats sent equities and interest rates down, we see these events subsiding without major implications for global markets. In determining where the markets will go over the next few months, it’s important to take a look at the interaction between economic data, central bank policy, exchange rates, and equity prices.

In recent posts, we’ve talked about the difficult situation currently facing central bankers. Their mandates essentially require them to begin raising interest rates just when the market’s starting to take off in order to curb inflation. It’s like the host taking away the punch bowl just when the party’s really getting started.

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