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Derek Miller

Mortgage, Retirement and Budget Expert

Derek Miller is a graduate of the University of Edinburgh where he studied economics. He is passionate about using data to help people make better financial decisions. Derek is a Certified Educator in Personal Finance® (CEPF®) and a member of the Society for Advancing Business Editing and Writing. He is a data journalist whose expertise is in finding the stories within the numbers. Derek's writing has been featured on Yahoo, AOL, and Huffington Post. He believes the biggest financial mistake people make is waiting too late to save for retirement and missing out on the wonders of compounding interest. Derek lives in Brooklyn.

Posts by Derek Miller:

by Derek Miller Feb 13, 2019

Rising rents present a major challenge for non-homeowning city dwellers nationwide. Since 1983, the cost of housing for urban renters has risen more than 324%, according to the Bureau of Labor Statistics’ Consumer Price Index. In the meantime, average workers in the largest cities have struggled to keep up as they fill their savings accounts with their earnings, only to see that money go to their landlords. Below, we track this phenomenon by measuring the hours of work needed to pay rent in the largest 25 cities. Read more

by Derek Miller Feb 13, 2019

A large majority (75%) of taxpayers overpay on taxes and receive a tax refund, according to IRS data. A smaller proportion (19%) see the opposite: They will have overestimated their withholdings and learn they still owe the IRS some money. Apart from overpaying and underpaying, there is another small, exclusive group of savvy Americans who manage the Goldilocks fantasy: withholding just the right amount so, come tax time, the tax balance between them and the IRS reads an even zero. Read more

by Derek Miller Feb 06, 2019

If buying a home is hard for the average working American, it can be even more difficult for the average working woman. The average full-time working woman earns just 81% of what the average full-time working man does, according to the U.S. Census Bureau. For the average full-time working woman, then, hitting financial goals like homeownership means coming up with ways to bridge that 19% gap and have enough cash on hand in a savings account to make a down payment. Of course, in some cities compared to others, women have an easier time rising above financial challenges to buy homes. Read more

by Derek Miller Feb 01, 2019

For bachelor’s degree holders, nabbing a high-paying job often hinges on finding out which sectors of the economy most need educated workers. Identifying the right roles where employers are clamoring… Read more

by Derek Miller Jan 30, 2019

Record high home values, stagnating incomes, the largest economic downturn in a century and record levels of student debt are just a few examples of the roadblocks between millennials and… Read more

by Derek Miller Jan 31, 2019

Filling out your taxes can be a real headache. It’s no surprise, then, that online software like TurboTax has been growing in recent years to meet the demands of taxpayers in need of expert advice.… Read more

by Derek Miller Jan 30, 2019

Americans have greater than $800 billion in outstanding credit card debt, according to data from the New York Federal Reserve. What’s more, roughly 8% of credit card debt is delinquent by 90 days or… Read more

by Derek Miller Jan 22, 2019

About 75% of American taxpayers overpaid on taxes in tax year 2016, according to IRS data. And though they may have been overjoyed to get a handsome tax refund, this scenario means they are simply… Read more

by Derek Miller Feb 07, 2019

Beachfront property in warm locales is not exactly in large supply, so it can be difficult to find an affordable home where you and your family can winter. For the past few years, though, SmartAsset… Read more

by Derek Miller Jan 23, 2019

A healthy work-life balance is something most professionals in the U.S. highly value. In fact, 53% of employees say that a job conducive to a greater work-life balance and improved personal well… Read more

by Derek Miller Jan 25, 2019

It can be difficult to look at your paycheck and see upwards of 15% of it sent to the government. Of course, those taxes pay for worthwhile causes, a fact that doesn’t always lessen the initial sting… Read more

by Derek Miller Jan 08, 2019

Many cities have a reputation for being filled with a particular type of professional.  Picturing New York City, for instance, some people may conjure up an image of Wall Street with its highly paid… Read more

by Derek Miller Jan 03, 2019

The benefits of working from home are manifold — but especially helpful when it comes to your mental state and finances. After all, a commute can be stressful and pricey if you’re guzzling gas while… Read more

by Derek Miller Jan 03, 2019

Each new year, Americans tell themselves they’re going to make changes to improve their lives. According to a recent YouGov poll, the top three lifestyle adjustments Americans want to make are eating… Read more

by Derek Miller Jan 02, 2019

When families are looking to move to a new area, they often consider the affordability of a new city, their new commutes and the quality of local schools. But one factor they can overlook is safety.… Read more

by Derek Miller Dec 18, 2018

Just six years ago, the Census Bureau estimated there were only 880 breweries in America. But the craft beer revolution took off: By 2016, the Census Bureau pegged that number at 2,802, 2,605 of… Read more

by Derek Miller Dec 18, 2018

The new year is a time to reflect on which aspects of our lives we can most improve. For many people, that may mean a remorseful peak into their savings account or a regretful pinch of the waistline.… Read more

by Derek Miller Dec 04, 2018

The fear of skyrocketing rents can consume the thoughts of Americans who don’t own their homes. Despite an improving economy and low unemployment rates, rent increases continue to chip away at… Read more

by Derek Miller Nov 28, 2018

Feel like you’re slogging away at the office with no reprieve in sight? Maybe you’re grinding out those long days to show your loyalty to your company and nab a promotion? Sure, some American cities… Read more

by Derek Miller Nov 29, 2018

Affordable housing markets are something of a rarity among big cities these days. This is especially true when you look at the cities with the strongest economies, like New York or San Francisco.… Read more

by Derek Miller Nov 19, 2018

You may think you have a good sense of where in the country residents are making the most money. But the counties whose well-heeled, deep-pocketed denizens are pulling in the most coin may not… Read more

by Derek Miller Nov 19, 2018

Back in 1989, the average American could expect to live until 75. Roughly 27 years later, the average life expectancy in the U.S. has crept up to nearly 79 years. But while the increased life… Read more

by Derek Miller Nov 14, 2018

Manufacturing used to be one of the largest industries in America. In 1910, the Bureau of Labor Statistics estimated that nearly one-third of workers worked in manufacturing. Today, that number has… Read more

by Derek Miller Nov 13, 2018

The average American family earns about $55,000 per year, according to Census Bureau estimates. Of course, that’s probably not enough to get by on in America’s most expensive cities, but there are… Read more

by Derek Miller Nov 07, 2018

Renters in America face an uphill battle to create space in their budgets for saving. In fact, the latest Census Bureau data reveals that nearly 10 million renting households spent at least 50% of… Read more