May 1, 2021

Amid evolving news + uncertainty surrounding COVID-19, your financial needs are our top priority. For more information on COVID-19 and your finances click here.


Top Story

The Week in Review

In a big week for earnings, markets kicked it off by hitting new highs. Consumer confidence came in well above expectations.

Markets were down slightly after the Fed’s comments midweek. They were accommodative on rates and monetary policy, but underscored likely inflation ahead.

Strong earnings results and GDP growth fueled optimism, driving SPX and Nasdaq up toward the end of the week.

For more economic news and how it affects your money, visit the SoFi app.

This Week’s Top Stories

President Biden pitched his $1.8 trillion American Families Plan during his first address to Congress. Learn what the plan includes here.

The US economy came roaring back in the first three months of the year. Learn what is driving this growth.

With pandemic restrictions easing, DoorDash is changing the way it charges restaurants. Learn why this is good news for restaurants but bad news for consumers.

Deep Dives from SoFi Learn

We all want to achieve financial wellness. But to do so, we must first understand what financial wellness is (and what it is not). Learn more about what financial wellness is and how to achieve it at SoFi Learn.

Public speaking may seem terrifying to many, but there are some steps you can take to overcome this fear. Check out these 5 Steps to Overcome Your Fear of Public Speaking.

Decimate high interest rate credit card and other debt with these helpful tips and proven techniques from around the web. Read How to Plan the Ultimate Debt Payoff Strategy at SoFi Learn.

Peek Into the Payoff Plan

Do you have high-interest debt—aka, debt with an interest rate greater than 7%? You’ve got company. More than half—or 54%—of people who answered our 2021 Money Moves Survey by SoFi said they did.*

We want to help everyone reach the paid in full club—and that starts with our signature Payoff Plan money move. See how you can use the SoFi Fireball Method as part of this move by exploring our new tool.

TLS 1.2 Encrypted
Equal Housing Lender