In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more. Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would be beneficial to our members, and will make sure to call it out when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.

Everyone knows someone with student loans. In fact, student loans have become as emblematic of the millennial generation as avocado toast and Instagram selfies.

It’s not an identity that millennials—or anyone—really wanted.

With national student debt levels over $1.6 trillion , millions of borrowers are feeling the squeeze from their student debt payments. Many even report that student loans have caused them to put their lives, financial and otherwise, on hold.

This may hurt the U.S. economy in a host of ways, with student loans stifling everything from small business
formation to home buying to reproduction .

It’s no wonder that discussions regarding the student debt crisis have made their way into mainstream political discourse—and the living rooms of everyday Americans.

So you brought the cranberry sauce and Mom’s famous stuffing—but is it wrong to also bring your financial woes to the table?

Financial topics feel loaded. Revealing how much money you make or how much you have saved can feel a bit heavy to discuss at the dinner table. And being the first person to broach the subject is like playing a hypersensitive game of Operation. One wrong move and chaos erupts.

Despite the risks, talking about money with friends may be something worth considering. You talk to your friends about everything else, right? Before you dig into your debt alongside the pumpkin pie, let’s examine the pros and cons of talking money with friends.

If you’re on the job hunt, you know how real the hustle can be. Combing through online job boards to find the right fit, revamping your resume, interview after interview. The constant pressure to sell yourself and impress each interviewer can be exhausting.

When you finally get the offer for the new job you’ve had your eye on, it’s thrilling. You’re about to breathe a well-deserved sigh of relief, until you dig into the details, realizing that taking this job means taking a pay cut.

Deciding whether or not to take a job for less can be a complicated decision. There are a lot of factors to think about as you weigh the pros and cons of accepting a lower offer. It’s a personal choice and it’s worth noting that everyone’s situation is different.

If you’re in pursuit of your next job opportunity and are thinking about taking a lower paying job, it can help to review the situation from all sides. You’ll probably want to find out if there is any room for negotiation. If there isn’t, it might help to consider the following factors.

In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more. Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would be beneficial to our members, and will make sure to call it out when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.

The field of Democratic hopefuls in the 2020 presidential race is large, but former Vice President Joe Biden is one of the most recognizable. Like other candidates, his platform is robust and complex, covering issues that range from ending gun violence to legalizing marijuana to international diplomacy.

And while those (decidedly divisive) topics are the ones that often make the headlines, Americans are also concerned about what the next four years could mean for their wallets. The candidates’ positions on finances, investing, and student loans are just as important—and maybe even deal-breakers.

So how could a Biden seat in the Oval Office affect your bottom line? Most political analysts seem to agree that Biden leans more to the center of left than his challengers on many issues, including the trending debate over student debt. Here’s where he stands on four key financial issues: minimum wage, taxes, health care, and student debt.

Willie R., Personal Loan member,

Greg P., CFP®, SoFi Financial Planner

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