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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 Mar 20, 2019

The current gender wage gap in America, according to the Bureau of Labor Statistics (BLS), sits at slightly less than 82%. That means the average working woman earns 82% of what the average working man earns, which hurts not only women’s ability to earn but also their ability to save. That number is up 20 percentage points since 1979, though still far from ideal. According to data from the BLS, there was almost no progress in gender pay parity from 2005 to 2017.And when you look at occupation-specific data, the numbers can be even worse. Below, we dig into the occupation data to rank the occupations with the largest and smallest gender pay gap. Read more

by Derek Miller Mar 19, 2019

Even though many people picture the high cost of living when they think of America’s biggest cities, the housing markets in these areas actually vary quite a bit. Part of that range comes from particular local factors such as property taxes. It is helpful to be aware of a city’s reputation as expensive or affordable, but in order to make the step from renter to homeowner in a responsible fashion, it’s a good idea to have a plan. To help people make the most of their savings, below we model the salary needed to afford the average home in America’s largest cities. Read more

by Derek Miller Mar 14, 2019

Tax season can be a celebratory time for Americans who are owed a refund. But while the focus is often on those who have overpaid, it’s important to note that a significant number of people don’t pay enough. Americans who owe taxes are especially vulnerable if they cannot cover their tax bill with what’s in their savings account. Below, we analyze IRS data to find the states with the largest tax bills. Read more

by Derek Miller Mar 13, 2019

The American housing market has changed significantly since the post-recession economy of the early 2010s. Zillow estimates the median home in the U.S. is worth $225,300, up from $148,000 in January… Read more

by Derek Miller Mar 20, 2019

A second home can be a cherished retreat but also a savvy investment. Buying another residence in a booming housing market in particular can help diversify your holdings and introduce another way for… Read more

by Derek Miller Mar 05, 2019

A college degree is pricey and getting increasingly expensive: From 2006 to 2016, the cost of college tuition and fees increased by 63%, according to the Bureau of Labor Statistics. That may leave… Read more

by Derek Miller Feb 28, 2019

The total cost of raising a child through age 17 is nearly $234,000, according to the U.S. Department of Agriculture. That’s a whopping price tag for your bundle of joy. And the expense of having a… Read more

by Derek Miller Feb 27, 2019

It can at times feel daunting to buy a home. In many cities, home prices are rising and pushing Americans increasingly further from their homeownership dreams. The difficulty of buying a home starts… Read more

by Derek Miller Feb 20, 2019

Tech jobs are particularly desirable, because they pay well, show long-term signs of growth and are less vulnerable to automation. But women have faced systemic difficulties in getting these jobs.… Read more

by Derek Miller Feb 22, 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… Read more

by Derek Miller Feb 22, 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… Read more

by Derek Miller Feb 22, 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… Read more

by Derek Miller Feb 22, 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 Feb 22, 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 Feb 22, 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 Feb 22, 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 Feb 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 22, 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 Feb 22, 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