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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 Jan 16, 2018

How much home you can afford depends on your income. Many experts recommend that homebuyers should generally purchase homes worth 2.5 times their annual income. Yet, in many of the largest cities across the country the average homes have values which exceed seven times the average household’s income. Below we rank the largest cities according to how many years’ worth of median income is needed to buy the average home. Read more

by Derek Miller Sep 28, 2017

High rents are forcing more and more people to live with roommates. The Census estimates that 5.8 million Americans currently have a roommate. The benefits from living with another person vary from city to city. In some cities, it may not be worth the hassle. In other places however, especially where homes are unaffordable, living with a roommate can save you thousands of dollars. Below we rank the cities where living with a roommate can save you the most money. Read more

by Derek Miller Sep 27, 2017

For many Americans, being your own boss is a long-held aspiration. But striking out on your own can be challenging and risky. There are many factors that can add potential roadblocks to people hoping to start their own businesses. Income tax rates, for example, come into play, as well as local costs of living. Below we analyze data on these and other metrics to find the best cities to be self-employed. Read more

by Derek Miller Sep 27, 2017

The best places to live are often the most expensive. This is especially true in some of the biggest cities in the country. But there are still some fantastic places in the United States boast more… Read more

by Derek Miller Sep 21, 2017

Data from the Census Bureau shows that the average full-time working woman earns about 80% of what the average full-time working man does. But this pay gap is different across every profession. Below… Read more

by Derek Miller Oct 17, 2017

Capital cities can be the best places to live in their states. They tend to have low unemployment rates, are the focal point for political activity for the state and are sometimes even affordable.… Read more

by Derek Miller Sep 19, 2017

As any young professional knows, where you start your career is important. You want to be in a place that offers high pay and good opportunities. Unfortunately, some of the places that come to mind… Read more

by Derek Miller Oct 17, 2017

Stress can be hard to avoid. In fact trying to avoid stress can itself be stressful. Almost everyone is worried about how much sleep they are getting or how many workouts they are missing. For many… Read more

by Derek Miller Sep 13, 2017

Americans don’t move as much as they used to. According to Census Bureau data, Americans in 1948 moved almost twice as often as Americans in 2016. In fact, the current rates at which Americans move… Read more

by Derek Miller Sep 12, 2017

Deciding where to move for work can be a daunting challenge. Is moving to a less affordable area in order to take a higher income going to end up doing more damage to your budget than its worth? And… Read more

by Derek Miller Sep 07, 2017

Colorado is an attractive state to raise a family. The unemployment rate is low and the state offers access to some of the best natural attractions in the country. Home prices are also on the rise in… Read more

by Derek Miller Oct 17, 2017

Most people have a budget in mind when they spend money. But people in different cities tend to spend in different ways. For example in New York, the population density means high housing costs, but… Read more

by Derek Miller Sep 06, 2017

There’s no question that pizza is one of the most beloved foods in America. According to a USDA report, about one in eight Americans consume pizza on any given day. That number jumps to one in four… Read more

by Derek Miller Sep 07, 2017

Young adults today are less likely to move than they were in previous generations. Data from the Census Bureau shows that the mobility rate for young adults is at the lowest rate it has been at in 50… Read more

by Derek Miller Aug 29, 2017

Plenty of Americans continue to work after hitting retirement age. Data from the Census Bureau shows that in 2015, 12% of Americans over the age of 70 admitted to doing some work in the previous 12… Read more

by Derek Miller Feb 21, 2018

You probably know what your credit score is. At least we hope you do! But a credit score can feel a bit abstract and people may underestimate just how important it is. To highlight the importance of… Read more

by Derek Miller Aug 24, 2017

Most people think they’re good drivers. But the law of averages and statistics on motor vehicle deaths suggest this isn’t the case. Some states have gained a reputation for having particularly bad… Read more

by Derek Miller Sep 08, 2017

Many Americans strive every year to get their finances in order. That could mean working to get out of debt, making sure their credit card bills are paid on time or making additional student loan… Read more

by Derek Miller Aug 17, 2017

Many Americans don’t manage to save much. According to a survey done by the Federal Reserve, 31% of respondents had no retirement savings at all. Whether it’s because of high student debt or climbing… Read more

by Derek Miller Aug 17, 2017

Florida is a wonderful place to raise a family. The weather is almost always great and the cost of living is also relatively low, meaning parents won’t have to break the bank to live there. Plus,… Read more

by Derek Miller Aug 24, 2017

You probably picture San Jose or San Francisco when you picture tech cities. But with the cost of living in the Bay Area sky rocketing, the generous benefits tech workers receive may no longer feel… Read more

by Derek Miller Aug 25, 2017

Credit scores across the country are on the rise. Up about 1% on average, according to Experian data. But does that fact hold for every generation? Millennials sometimes have a reputation for not… Read more

by Derek Miller Aug 24, 2017

Worried that homes in your area are becoming unaffordable? You may be right. Home prices across America are on the rise. But home prices alone aren’t enough to determine affordability. It’s also… Read more

by Derek Miller Aug 24, 2017

In today’s economy it can be difficult to get the best jobs without having a good education. Unfortunately, the cost of attending a four-year college is rising quickly, forcing many people to take on… Read more

by Derek Miller Nov 12, 2017

Paying off a large amount of credit card debt can be challenging. It is especially difficult when you are saddled with high rent costs and bleak employment prospects like some millennials are. How… Read more