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

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10 reasons financial wellness is important in workplace

Top 10 Reasons Financial Wellness is Important in the Workplace

Healthy and committed employees are the backbone of any great business. You want your employees to exercise, eat well, and get plenty of sleep to perform optimally. But their financial wellness and the impact that has on their productivity, focus, and overall well-being also affects your company.

Workplace financial wellness programs are growing in popularity due to the many benefits for employees and employers. You might already be offering free food and foosball, but those perks don’t stack up to the support you can provide employees dealing with financial issues. Providing a comprehensive financial wellness program helps alleviate those concerns and strengthens your workforce.

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sofi wealth, market commentary

OPEC Agreement Drives Oil Higher – Week of Sept. 26, 2016

The final week of the quarter was an exciting one. Continued troubles with European banks led to volatile stock markets (more on this next week). Oil prices were sent sharply higher after a productive meeting among member countries of the Organization of Petroleum Exporting Countries (OPEC). Inflation data out of the United States continues to move towards the Fed’s target, but came in at expected levels leading to little change in the 10-year Treasury yield.

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Home Mortgage Loans: Is 20% Down Dated Advice?

Home Mortgage Loans: Is 20% Down Dated Advice?

If you’re ready to buy your first home, you’ve likely heard that a 20% down payment on a mortgage is pretty standard. But given that as of July 2016 the median price of a home in the U.S. was $294,600, that can be a substantial chunk of change—$58,920 to be exact. Heck, that’s enough for an all-frills wedding, a Model 3 Tesla and a sweet honeymoon, or maybe even for a small private island in Nova Scotia.

But is the 20% down sage advice or an opinion that’s no longer relevant? Just last year, the average down payment on a single-family home was 14.8% (via RealtyTrac). So, times are a changin’.

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Student loan benefits for employee wellness

Workplace Stress Busters: How Employee Wellness Programs Are Supposed to Work

For SoFi’s millennial members, Twenty One Pilots’ hit “Stressed Out” is more than a good song—it’s an anthem. And this lyric says it all: “Out of student loans and treehouse homes, we all would take the latter.”

How could it not? Roughly 70% of 2016 college graduates borrowed to get their degrees, leaving them with a whopping $37,172 in student loan debt, up from about $35,000 in 2015.

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