SoFi Blog

Tips and news—
for your financial moves.

market chart

What Exactly Is an Inverted Yield Curve?

If you’ve been paying any attention to the stock market and financial headlines over the past few weeks, you’ve likely noticed a lot of turmoil and the term “inverted yield curve” being used quite frequently.

Since 1955, an inverted yield curve has preceded all nine of the U.S. recessions that have occurred. Usually, the curve inverts about two years before a recession hits, so it can be an early warning sign.

The current inversion of the yield curve doesn’t mean that a recession is definitely going to happen within the next few years, but it is one indicator.

What exactly is an inverted yield curve, and what does it mean for the economy and your finances?

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Odds of a Recession in 2019

It’s a question on a lot of minds. When is the next recession? Although nobody can claim to possess the trillion dollar crystal ball that predicts recessions, extensive research has been done into what causes economic downturns and where the U.S. seems to be in the current cycle.

It may seem as though there’s always an ongoing conversation about this, and it is overwhelming to try and decipher the mixed messages coming from politicians, economists, and the media.

Uncertainty and fear about the economy can lead to inaction and missed opportunities. There is a lot you can do to prepare and stay informed in an effort to be ready when the recession does come.

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disabled veteran

President Trump Signs Executive Order Cancelling Student Loan Debt for Disabled Veterans

IMPORTANT: Refinancing federal student loans with a private lender, including SoFi, would mean forfeiting access to federal programs like the FREED Veterans Act, income-driven repayment plans, and other federal loan forgiveness or loan cancellation options.

Veterans learn a lot when they volunteer to serve in a branch of the U.S. Armed Forces. They can learn teamwork, loyalty, and discipline. Veterans might learn skills from how to run a nuclear submarine to cooking chow in a theater of war to dressing a wound in the field. And they probably learn how to make a plan and stick to it.

But what happens if they become disabled during their service? What happens if their best laid plans are thrown to the wind and they’re unable to fulfill student loan obligations as the result of an injury in the line of duty?

As of Wednesday, August 21, 2019, these vets, those with student loan debt struggling with disabilities as a result of their service, might be able to breathe a little easier.

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10 Ways to Celebrate International Day of Charity

On September 5th, people around the globe will be celebrating the International Day of Charity. The United
Nations
established the annual event in 2012 to encourage nonprofits and individuals around the world to volunteer and contribute to philanthropic causes.

The date was chosen to honor the death of Mother Teresa, the nun and Nobel Peace Prize winner known for her work with the poor and ill in India and other countries. She died in 1997 at the age of 87.

You don’t necessarily have to dedicate your entire life to good works, as Mother Teresa did, to make a difference. The International Day of Charity 2019 can be the perfect time to give back in whatever way works for you.

Research shows that volunteering is good for you, improving mental and physical health, self-esteem, and happiness. Studies even suggest that it can alleviate depression and help you live longer.

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Tips for Finding Your Dream Home

There’s no place like home. It’s a haven from the hectic outside world, a place to relax, spend time with your loved ones, and truly enjoy yourself.

But finding a house that offers all the creature comforts your heart desires is easier said than done. It’s easy to get distracted, wistfully imagining relaxed Sunday mornings in the breakfast nook or making your home-grown produce dreams a reality. But, to get to that reality, you might have to put in some legwork.

The process required to find your dream home can be intimidating. It’s not just deciding what you want in a home—there’s a whole journey involved. Navigating the ins and outs of real estate and mortgages can be tricky, but with a little planning it’s possible.

Read on for a few ideas on how to find the house of your dreams.

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