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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 Sep 20, 2018

Around 2010 at the tail end of the Great Recession, the Census Bureau estimated that Americans 16 years old or older had an unemployment rate of nearly 11%. As of 2016, that figure stood at 5.8%. But while the economic downturn touched everyone, it did not affect everyone the same. Since then, some places have seen remarkable recovery in poverty rates and unemployment rates. Consequently, residents where things are on the up and up are less likely to be housing-cost burdened and are able to afford to put some money away into savings accounts. Below, we look at these trends to find the places where the quality of life is improving the most. Read more

by Derek Miller Sep 19, 2018

Renters in America’s largest cities are no strangers to roommates. As rent costs have risen so has the need for renters to group together to save on housing costs. But while rooming with a friend or an associate certainly has its financial benefits, it also comes with a loss of privacy and comfort that can be hard to value. Below, we take a stab at answering one side of that equation to find the places where having a roommate saves you the most money. Read more

by Derek Miller Sep 18, 2018

When people picture the home of their dreams, they imagine the white picket fence, the yard and the home with plenty of rooms for both pets and children. But homes like this tend to be either expensive or located in places far from employment opportunities. Plus, even if you do find a home that fits your criteria you want to make sure you’re putting your savings into an asset that will appreciate. And without doing a ton of research, it’s hard to know if you’re buying into an area with rising home values or not. Below, we look at these and other factors to rank the best places to buy a home big enough to raise a family. Read more

by Derek Miller Aug 21, 2019

Different regions have particular strengths. Silicon Valley is a tech hub of course, the Midwest is known for its agriculture and the Gulf Coast has long had a lucrative oil industry. But if you want… Read more

by Derek Miller Aug 21, 2019

Investing in your education is one of the best decisions you can make. A better education can lead to a better job. In turn, that leads to higher earnings, which can eventually lead to growing your… Read more

by Derek Miller Sep 13, 2018

Across the country, teachers are having a tough time making ends meet. Earlier this year, teachers in states like West Virginia and Oklahoma went on strike and won concessions for themselves and the… Read more

by Derek Miller Aug 21, 2019

Raising a family has never been a walk in the park. But today’s parents may face a steeper uphill climb, financially speaking, than those in the past. The cost of raising a child has risen to $233… Read more

by Derek Miller Aug 21, 2019

The key to a financially secure retirement is the planning. Whether with the steadying hand of a financial advisor to guide you to your golden years, or strategizing on your own, planning your… Read more

by Derek Miller Sep 13, 2018

Capital cities in the United States share many of the same characteristics. Housing the state and local city bureaucracy, capital cities often times have stronger economies than other cities in the… Read more

by Derek Miller Aug 21, 2019

It can almost be impossible to avoid stressing out. You have a mortgage to pay, you’re concerned your investments with your financial advisor aren’t getting the returns you need for your retirement… Read more

by Derek Miller Aug 21, 2019

With rents on the rise in many of America’s trendiest cities it has become increasingly popular for residents looking to earn some side money to invest in the short-term rental market. Indeed, the… Read more

by Derek Miller Aug 23, 2018

According to the latest Bureau of Labor Statistics Consumer Expenditure Survey, the average American household has an after-tax income of $64,175 and spends $57,311 per year. That leaves the average… Read more

by Derek Miller Aug 21, 2019

Like any good financial advisor will tell you, investing is about more than just average return. The best investors weigh risk with reward. For example, consider home values. The Census Bureau… Read more

by Derek Miller Aug 21, 2019

How you start your career is an important determinant for future financial success. Young professionals who are able to find a high-paying career earlier are able to build more savings, get promoted… Read more

by Derek Miller Nov 20, 2018

Most drivers probably have a few candidates in mind when they picture the worst drivers in the country. Often it’s drivers from a neighboring state invading their lane, but some states carry a… Read more

by Derek Miller Aug 21, 2019

According to Bureau of Labor Statistics data, the price of college tuition increased by 63% from 2006 to 2016. Over that same time period, the median household income in the United States increased… Read more

by Derek Miller Sep 04, 2018

The minimum wage has become a hot topic of debate in the U.S. The fight for $15 has become a popular rallying cry for advocates of a higher minimum wage. And many cities have answered the call,… Read more

by Derek Miller Oct 31, 2018

Tech jobs are some of the hottest in the country. And the increasingly available opportunities to work in tech deliver high salaries, to boot. But because some of the traditional tech hubs are… Read more

by Derek Miller Aug 21, 2019

In 2016 the IRS reported that it collected nearly $18.3 billion in estate taxes, from more than 5,200 estates. That is an average tax of $3.5 million per taxable estate. While the estate tax is a… Read more

by Derek Miller Aug 21, 2019

How much is higher education worth? Judging by Census Bureau data quite a bit. The average associate’s degree holder earns 18% more than the average high school diploma holder. In dollar terms, that… Read more

by Derek Miller Oct 17, 2018

One of the most important decisions young families make is deciding where to raise their children. Families need to balance priorities like finding a city where they can get an affordable mortgage… Read more

by Derek Miller Aug 21, 2019

The majority of Americans find meeting their retirement goals a challenge. After all, the financial world is complicated. Many Americans miss the opportunity to save, which means they miss the chance… Read more

by Derek Miller Aug 21, 2019

It’s a pretty good time to be a worker in America. For the most part, jobs are available and unemployment is on the decline. But availability of jobs alone does not mean a city is a good place to… Read more

by Derek Miller Jul 26, 2018

Trying to find an affordable apartment is almost a full-time job for renters in America’s largest cities. But the housing crisis ranges in severity, depending on which city you consider. In Columbus,… Read more

by Derek Miller Jul 24, 2018

Just under 70% of U.S. households have a pet, according to the National Pet Owners Survey. It probably comes as no surprise that the survey also found that dogs were the most popular pet for American… Read more