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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 of American Business Editors and Writers. 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 Jun 14, 2018

Whether you are working with a financial advisor or managing a portfolio on your own, making the right investments can make all the difference in your future financial security. Make too many risky investments and you might lose out on your retirement income, don’t take on enough risk and you may not accumulate enough funds to retire comfortably. Read more

by Derek Miller Jun 13, 2018

With summer starting to heat up it’s time for families to start planning their summer vacations. This can be a stressful period, especially for families whose budgets are already stretched trying to afford their mortgage and saving for retirement. But while a dream trip to a distant country may be off the table, there are plenty of affordable U.S. destinations which families can enjoy without breaking their savings accounts. Below we rank the most affordable U.S. travel destinations. Read more

by Derek Miller Jun 12, 2018

Most people are faced with a trade-off when choosing where to live. You could move closer to the city center where most of the jobs are but face a more expensive mortgage and more cramped housing options or move outside of the city and enjoy more space but endure a longer commute. For every city and metro area, the math breaks down a little bit differently. In some city centers the cost of living is not much higher than the outlying metro area while some outlying metro areas have excellent commute options.  Read more

by Derek Miller Jun 12, 2018

According to Pew Research Center estimates there are around 71 million millennials in America and they are expected to surpass the number of baby boomers in 2019. That makes millennials a coveted… Read more

by Derek Miller Jun 08, 2018

Across America seniors are putting off retirement and staying in the workforce longer. According to Bureau of Labor Statistics data, the percent of Americans age 65 and over who are still in the… Read more

by Derek Miller Jun 12, 2018

The average home increased in value from $194,500 in 2015 to $205,000 in 2016, according to U.S. Census Bureau data. That is an impressive return of nearly $11,000, or about 5%, for American… Read more

by Derek Miller Jun 11, 2018

Millions of American families struggle to pay mortgage payments. According to U.S. Census Bureau data, nearly 7 million American households were severely housing cost-burdened in 2016, meaning they… Read more

by Derek Miller Jun 12, 2018

The U.S. ranked as the 18th-happiest country in the world in 2018, according to the World Happiness Report, released by the Sustainable Development Solutions Network for the U.N. That’s down four… Read more

by Derek Miller Jun 15, 2018

Some cities are more famous for their creative histories than others. For example, Nashville and New Orleans are practically synonymous with their rich musical traditions. Los Angeles is known as the… Read more

by Derek Miller May 15, 2018

From 2012 to 2016, the median home in the U.S. increased in value by roughly $33,000, from $172,000 to $205,000. That is great news for all the homeowners in the country. However those home… Read more

by Derek Miller May 10, 2018

Many renters don’t enjoy living with roommates, but in order to live alone you need to find an affordable home. This can be challenging, especially with rents on the rise across the country. However,… Read more

by Derek Miller May 08, 2018

Despite no longer working, retirees are an important part of a local economy. They number in the millions and make up a large amount of consumer demand. As one example of their purchasing power, the… Read more

by Derek Miller May 03, 2018

It is difficult to come up with any one definition for the American Dream that every American will agree on. But certainly for many people, it includes homeownership, economic opportunity and diverse… Read more

by Derek Miller May 07, 2018

The largest purchase most Americans will make in their life is their home. With so much on the line buying a home can be a stressful and difficult process, especially for first-time homebuyers.… Read more

by Derek Miller Apr 26, 2018

In order to know how much you need to save for retirement you need to have a good estimate for how much you will be spending. But predicting how much you are going to be spending in retirement is… Read more

by Derek Miller Apr 25, 2018

In March 2018, the unemployment rate was a low 4.1%, with about 6.6 million Americans unemployed. This is good news for job seekers, as it’s the lowest U.S. unemployment has been since 2000.… Read more

by Derek Miller Apr 25, 2018

These days having a college education is not enough to ensure a financially secure future. According to data from the Census Bureau, over 30% of Americans over the age of 25 have a bachelor’s degree… Read more

by Derek Miller Apr 19, 2018

Over 80% of renters have a desire to own a home, according to a 2015 survey from the National Association of Realtors. One big hurdle for many renters who are hoping to buy a home and take on a… Read more

by Derek Miller Apr 18, 2018

Nearly 83% of renters have a desire to own their home, according to a National Association of Realtors poll. However with mortgage costs on the rise, it is difficult to switch from renting to buying.… Read more

by Derek Miller Jun 12, 2018

In 1948, only 32% of women were in the official labor force, according to the Federal Reserve Bank of St. Louis. As of February 2018, that number had almost doubled to 57%. Today in some American… Read more

by Derek Miller Apr 11, 2018

The Bureau of Labor Statistics reports that in 61% of two-parent households, both parents work outside the home. But not all cities are equally suited for this family structure. In some cities,… Read more

by Derek Miller Apr 05, 2018

The gender pay gap has slowly been closing over the past decade. The Census Bureau estimates that in 2016 the average full-time employed woman earned 80.3% of what her male counterpart earned. In… Read more

by Derek Miller Apr 04, 2018

New York real estate has an estimated market value around $1.26 trillion as of 2018, according to the New York Department of Finance. Some New York neighborhoods are more popular than others, putting… Read more

by Derek Miller Apr 04, 2018

Nearly 17 million people competed in 30,400 U.S. road races in 2016, according to data from Running USA. But for Americans who are truly passionate about getting their daily steps in, not all cities… Read more

by Derek Miller Mar 28, 2018

Americans sold 612,000 homes in 2017 and 44,000 in January 2018, according to data from the Census Bureau. For most home sellers, selling your home at a profit is likely one of your goals. Location… Read more