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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 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 around the country is at the lowest point in recorded history. Recent research from Yale University has shown declining mobility hurts the country’s ability to grow. In particular researchers point to the declining mobility out of areas with high unemployment rates and low incomes. Read more

by Derek Miller Mar 01, 2018

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 what about the long term? Where is the best place to foster a great lifelong career? Below SmartAsset tackles these questions to find the best cities for career opportunities. 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 Colorado, so if you’re planning a move to Colorado you may want to do so soon.  Below we rank the best places to raise a family in Colorado. 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 May 03, 2018

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 Apr 09, 2018

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

by Derek Miller Aug 02, 2017

At SmartAsset we talk a lot about the importance of maintaining a high credit score. An excellent credit score allows you to gain access to the best rewards credit cards, the lowest mortgage rates… Read more

by Derek Miller Aug 01, 2017

When it comes to raising children location is important. Parents want their children to have the opportunity to attend the best schools and also to enjoy their childhoods and make friends. But many… Read more

by Derek Miller Aug 03, 2017

New York City is famous for its closet-sized apartments. San Francisco residents have become accustomed to living in tight quarters. But New York and San Francisco are extreme examples of expensive… Read more

by Derek Miller Aug 11, 2017

Credit cards are a powerful personal finance tool. Used correctly they can unlock tremendous rewards, worth thousands of dollars. Used incorrectly and they can lead to spiraling debt and thousands of… Read more

by Derek Miller May 21, 2018

Each year millions of Americans put away their work clothes for the final time and call it a career. But many of these retirees don’t just retire and stay put. Many venture off to the warmer climes… Read more

by Derek Miller Dec 08, 2017

The average woman earns 80% of what the average man earns, according to U.S. Census Bureau data. The real-world implications of the pay gap sometimes get lost in the discussion around the issue. Of… Read more

by Derek Miller Oct 10, 2017

The Department of Housing and Urban Development (HUD) recommends spending no more than 30% of your income on housing. But in some cities across the country, people are forking more than half their… Read more

by Derek Miller Jul 13, 2017

Your credit score is important. It can help determine whether you get a credit card with a 0% intro APR or a 23% APR. It can also help determine if your mortgage interest rate is going to be 3.5% or… Read more