💸 Why more of us don’t have a will

And how to get over the hump

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September 8, 2025     THE SOFI SO WHAT Less Than a Third of Americans Have a Will. Here's Why By Keith Wagstaff Wills are never fun to think about, but is that why they're not more common? Only 31% of adults in this country have one, even though most know they're important. And it's actually not the thought of death that's the deterrent for most people, research shows. Here's what is — and how you can get over the hump. Read more     Your credit score matters. Sign up to get personalized credit score updates right in this newsletter. Find out how Learn why scores change     WEEK AHEAD ON WALL STREET The Final Word By Mario Ismailanji The final and perhaps most crucial pieces of the interest rate puzzle fall into place this week, with a full slate of inflation data scheduled for release. The readings are important as the Fed decides what to do with its benchmark interest rate: The central bank, charged with promoting maximum employment and stable prices, raises the rate to help fight inflation and lowers it to encourage borrowing and stimulate hiring and other aspects of the economy. While fighting inflation has been the Fed's focus the past few years, Fed Chair Jerome Powell recently signaled a pivot toward the labor market, raising expectations for a rate cut next week. Nevertheless, any big inflation surprises could still meaningfully move markets. Read more     BY THE NUMBER 39% That's how much Nvidia's two biggest customers contributed to its total sales last quarter, up from a combined 25% a year earlier. "Customer A" made up 23% of revenue while "Customer B" accounted for 16%, the chipmaker recently revealed in a second-quarter regulatory filing. The disclosure is reportedly stoking concerns about the AI chip leader's reliance on a few big companies, especially since Big Tech giants like Amazon, Google, and Meta are starting to build their own AI chips. "We have experienced periods where we receive a significant amount of our revenue from a limited number of customers, and this trend may continue," Nvidia said in the filing, which didn't identify the customers. Nvidia's stock has been a poster child for the artificial intelligence gold rush, nearly quadrupling since the start of 2024. In July it became the first company to ever hit a $4 trillion market cap.     IN CASE YOU MISSED IT What to Do as the Cost of Home Insurance Climbs Has your seemingly fixed monthly housing payment started to feel anything but fixed? Home insurance premiums are rising rapidly in many parts of the country, raising the basic cost of living for many households. But there are remedies. Our three-part series from April lays them out: Is This Trajectory the New Norm? When and How to Shop Around How to Cut Costs Without Cutting Coverage     Your SoFi Toolkit If it's time to shop around for a lower rate on your home insurance, SoFi can help. Compare quotes from up to 30 trusted insurance companies — all in one place.     BUSINESS BITES Informed investment decisions start with informed insights. Here's what's making headlines: 🎨  Design software firm Figma (FIG) reported its first quarterly results since its blockbuster IPO in July, slightly beating analysts' expectations last week. Still, shares plunged in response, a sign investors' lofty expectations weren't met. The news that some employees would be able to sell their locked-up shares didn't help. (Reuters via MSN) 🛰️  Competition in the skies: While several major airlines have tapped SpaceX's Starlink satellites for in-flight internet, JetBlue (JBLU) announced it'll be using Amazon's (AMZN) Project Kuiper satellites for free connectivity starting in 2027. (TechCrunch) 💄  Hoodies and skincare goodies: Gap (GAP) said it will expand to beauty products starting at 150 of its Old Navy stores. The clothing retailer said beauty and personal care products are one of fastest-growing categories in the U.S. (CNBC)     WHAT WE’RE LISTENING TO How much is AI actually affecting the workforce? (NPR) Listen here     WHAT WE’RE WATCHING Wages still haven't caught up with pandemic-triggered inflation. (CBS News) Watch here     WHAT WE’RE READING Today's middle-class vibe is different. (The Wall Street Journal via MSN) Read more     Intel, insights, and inspo for your money. On the Money cuts through the noise of day‑to‑day financial news to bring you a more thoughtful point of view on what's important in this moment — and how it impacts your bottom line. We value your trust above all.     Did you find today's newsletter valuable?   Did someone forward this to you? Subscribe to On the Money here. INVESTMENTS ARE NOT FDIC INSURED ‑ ARE NOT BANK GUARANTEED ‑ MAY LOSE VALUE SoFi Checking and Savings accounts are offered by SoFi Bank, N.A., Member FDIC. SoFi Credit Cards are issued by SoFi Bank, N.A. pursuant to license by Mastercard® International Incorporated. Loans originated by SoFi Bank, N.A., NMLS #696891 (www.nmlsconsumeraccess.org). Equal Housing Lender. Brokerage products offered through SoFi Securities LLC, member FINRA/SIPC. Advisory services are offered through SoFi Wealth LLC, an SEC-registered investment adviser. Information as of September 2025 and is subject to change. Screen images simulated. 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