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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 23, 2017

You finally have enough savings for a down payment and you’re ready to buy a house. How much will monthly house payments cost? Like with any big financial commitment, it’s important to know how much you’ll need to budget per month. It can be hard to calculate exact payments as property taxes and homeowners insurance are also factors. We crunched the numbers to find how much median home payments cost in the 15 largest U.S. cities and the salary needed to pay them. Read more

by Derek Miller Mar 03, 2017

Homeownership rates still have not fully recovered from the 2007 housing crisis, data from the U.S. Census Bureau shows. For some age groups, foregoing homeownership is not a hard decision. It can offer more labor market flexibility and the chance to pursue other investments. For many retirees, however, homeownership may be an important facet of their retirement plan, giving them stability as well as the chance to build equity. Below we look at where the homeownership rates for retirees are rising the fastest. Read more

by Derek Miller Feb 15, 2017

Ever feel like you’re one step away from looking under sofa cushions to cobble together your next rent payment? You’re probably not alone. In past studies we’ve highlighted cities where rent payments are gobbling up the majority of residents’ incomes. Below, we look at data on the largest cities in the country to see how many hours the average person needs to work to pay rent. Read more

by Derek Miller Mar 23, 2017

Home is where the heart is, so the saying goes. For homeowners, their home is also where they probably invested a large chunk of their money. In some places homeownership has proved to be a… Read more

by Derek Miller Feb 07, 2017

You’ve worked hard for 40-odd years and now you are ready to ready to enjoy a long relaxing retirement. But where should you live? You probably want to be somewhere affordable to get the most out of… Read more

by Derek Miller Feb 02, 2017

Raising a family can be tough. First of all, it’s expensive. The USDA estimates that raising a child born in 2015 would cost a family $233,000 over 18 years. It’s common nowadays for both parents to… Read more

by Derek Miller Jan 31, 2017

Buying a home takes a lot of planning. Neighborhoods need to be researched, open houses attended and, if you have children, schools need to be investigated. But first and foremost, before you can… Read more

by Derek Miller Jan 26, 2017

Folks at all income levels dream of the chance to retire with enough money to live comfortably. And retiring early, when you’re young enough to fully enjoy it, is an especially enticing prospect. In… Read more

by Derek Miller Jan 25, 2017

The number of Americans driving to work alone is on the rise, according to data from the U.S. Census Bureau. With the increase in drivers comes traffic, which means more time and money spent idling… Read more

by Derek Miller Jan 19, 2017

Some people eat just to live. For others, colloquially known as foodies, eating is the reason to live. Foodies’ lives are enriched by the act of eating great food. Some love to cook gourmet meals,… Read more

by Derek Miller Mar 18, 2021

The NFL salary cap (which limits how much teams can spend on players) has risen from $40 million in 1996 to $155 million in 2016. This means NFL salaries have increased by almost 400% over the past… Read more

by Derek Miller Jan 17, 2017

Coffee is the lifeblood for many Americans. It is not uncommon to hear people say they can’t start the day without that first cup of joe. However much like beer, a unique culture around coffee is… Read more

by Derek Miller Sep 20, 2018

Homeownership rates are on the decline for all age groups across the country, data from the U.S. Census Bureau shows. This trend is particularly pronounced for millennials, whose homeownership rates… Read more

by Derek Miller Dec 28, 2016

SmartAsset looked at America through a number of personal finance lenses over the past year. We crunched data to find the best cities to get out of debt and the cities where homeowners save the most… Read more

by Derek Miller Sep 20, 2018

Beer brewing is experiencing something of a renaissance at the moment. Since 2000 the number of breweries in America has tripled, data from the Brewers Association shows. This growth in breweries is… Read more

by Derek Miller Dec 21, 2016

There’s no getting around the fact that Americans as a whole could be in better shape. More than two in three American adults are considered overweight or obese, according to the National Institute… Read more

by Derek Miller Dec 21, 2016

The possibility of bad weather combined with the huge number of passengers trying to get around makes the December holiday period one of the worst times of the year to be an airline passenger. If you… Read more

by Derek Miller Dec 15, 2016

Ahead of the presidential election, publications like the New York Times, the Huffington Post and 538 gave Hillary Clinton somewhere between a 65%-99% chance of winning the election. You know what… Read more

by Derek Miller Dec 13, 2016

Of all American values, entrepreneurship is one of the most revered. Many Americans dream of the day they can take out a loan, build their own business and make it on their own. Big metro areas like… Read more

by Derek Miller Dec 08, 2016

Millennials are now the largest generation in the country, having passed Baby Boomers sometime in the past year. There are no shortage of stereotypes used to describe millennials (defined as those… Read more

by Derek Miller Sep 20, 2018

Many people look forward to the day they can hang up their work clothes for good and enjoy their golden years. For most people, retirement occurs sometime in their late 60s or even their 70s. However… Read more

by Derek Miller Mar 09, 2017

Smoking is the leading cause of preventable death in the United States, according to the Centers for Disease Control and Prevention. An estimated 480,000 people die each year from smoking-related… Read more

by Derek Miller Nov 30, 2016

There have been 70 total NBA championships since the league’s inception and 44 of those have been won by the same four teams – the Celtics, the Lakers, the Bulls and Spurs. The Boston Celtics alone… Read more

by Derek Miller Oct 17, 2017

When people think about Thanksgiving, they may imagine an extended family enjoying a feast of turkey, squash, corn and pumpkin pie. That’s certainly a key part of the American tradition, but it doesn… Read more

by Derek Miller Nov 17, 2016

People choose where to live based on a variety of factors. Although safety may not the number one concern for everyone, it is certainly a factor most people consider when deciding on a place to call… Read more