SoFi Blog

Are We Still Living in the Shadow of October?

Wishful thinking. Sure, it feels good when you’re doing it, but does it ever really pan out? Not for this guy.

As I sat down to pen the October Monthly Market Recap, I daydreamed—overly optimistically, of course—that there’d be a pretty quick turnaround in the market. And while things have looked up in spots, it’s not the stuff daydreams are made of.

In a nutshell, after a turbulent October, investors just didn’t get much of a break in November. And anyone hoping for a relaxing end to the year may be disappointed. The market’s on edge—good news is met with reservation and bad news is sensationalized. There are plenty of risks facing the market and until further clarity is gained, the market could be in for a bumpy ride.

The holidays are a time for families to get together and share joy and thankfulness. But they’re also a time for mom or dad to probe their adult children about all kinds of “fun” topics like who they’re dating, when those grandkids will be on the way, when they’re going back to school for that master’s degree, and—you guessed it—how they’re dealing with money.

We wanted to learn more about the conversations parents have with their adult children around money, so we surveyed 1,003 parents in the United States—ages 36 to 65—during the month of November, and found some surprising results.

If you’re a woman who would rather do almost anything than ask for a raise at work, know that you are far from alone. In a survey* of SoFi members, women responded that they are twice as likely than men to stay at their job indefinitely, rather than have an uncomfortable money conversation with their boss.

This is a big problem, since not negotiating can cost you dearly over the course of your career, both in terms of earning potential and self esteem.

As a negotiation and career coach, I’ve worked with many women—and men—who found asking for more to be an overwhelming task. Many women in particular have shared with me that they suspected they were underpaid but didn’t know how to confirm, and even if they did, how would they convey this to their manager?

Since we know this is a hot topic for our members, we’ve partnered with Mika Brzezinski, co-host of MSNBC’s Morning Joe and author of Know Your Value, for a fireside chat to ask her to share her best salary negotiation tips for women.