Andy Kiersz, Business Insider

Andy Kiersz

Business Insider

New York, NY, United States

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Recent articles by Andy:

How far out of reach is your dream home? Take this quiz and find out if you're ready to buy a house.

The US real-estate market is cutthroat, but it's cooling. Are you ready to buy a house? Take this quiz to find out if you're financially prepared. → Read More

Coal jobs are nearly gone in West Virginia. It's 'coal culture' that's driving Manchin's resistance to Democrats' clean-energy plans.

The coal sector has been in decline in West Virginia for decades, but it's a powerful force in the state's identity and politics. → Read More

US weekly jobless claims slide to 290,000 — setting a fresh pandemic-era low

Continuing claims, which track Americans receiving unemployment benefits, fell to 2.48 million for the week that ended October 9. → Read More

The wealthiest Americans now own almost all of the stock market — 89% to be exact

The stock market has seen a robust recovery after an initial pandemic dip. The wealthiest Americans are the ones profiting. → Read More

Manchin's $60,000 income threshold for Biden's expanded child tax credit could cause 37.4 million kids to lose out on federal aid

It amounts to 60% of eligible kids across the US facing sharp cuts, including many in West Virginia, according to a Niskanen Center analysis. → Read More

Americans are buying more stuff than ever before, and it's jamming up the supply chain

Americans are spending on the homebody economy and making big life changes. Spending on experiences, though, is taking a backseat. → Read More

American billionaires added $2.1 trillion to their fortunes during the pandemic

American billionaires' wealth grew 70% this year. These data comes as Democrats debate tax hikes for the rich to pay for childcare and paid leave. → Read More

Everything from going out to eat to ordering furniture is slow and annoying now. Economists have no way to measure that.

Inflation measures try to track price increases throughout the economy, but COVID has messed up the quality of services in ways that are hard to read. → Read More

Welcome to #Striketober. Thousands of workers are walking off the job at Kellogg's and John Deere amid the labor shortage, with Hollywood employees up next.

Over 100,000 workers are preparing to go on strike — with thousands already on the picket line, in the biggest labor action since TKTK → Read More

Baby boomers are snatching houses out of the hands of millennials

Baby boomers and millennials are in a housing war. A Zillow report lays out how boomers are winning, and it's really not even close. → Read More

3 reasons China in the 2020s could start slowing dramatically like Japan in the 1990s

China is dealing with high levels of debt, an ageing population, a hostile US, and even the potential for a financial crisis. Sound familiar? → Read More

American shoppers shrug off Delta wave as retail sales trounce expectations, rising to $625 billion in September

Spending at retailers rose 0.7% in September, outpacing the estimate for a 0.2% drop. September saw the Delta wave peak and begin to fade. → Read More

The energy market is a huge mess right now and threatens to turn the high inflation of 2021 into a terrible new economic era

From China to the EU, the world's energy supply is crippled. That's showing up in everything from higher gas prices to massive shipping delays. → Read More

78% of community bank executives expect the housing market to crash by 2026

Home prices have surged the most in 45 years, and community bankers fear the bubble will soon burst. Economists see little reason for such concern. → Read More

Inflation unexpectedly picked up in September, signaling the economy is still far from normal

The Consumer Price Index — a popular measure of US inflation — rose 0.4% last month, marking an acceleration from the 0.3% jump in August. → Read More

The top 1% officially have more money than the whole middle class

The most recent data from the Federal Reserve shows that the top 1% wealthiest Americans have a collective net worth of about $36.2 trillion. → Read More

Another 4 million workers quit for the 5th month in a row, and it shows how the pandemic is still making people rethink what they want out of work and life

In August, 3% of the workforce said "I quit." It's a trend that shows no sign of slowing as workers flex their power and leave behind jobs. → Read More

US job openings slide for the first time in 6 months in August — and more people quit than ever

Tuesday's report shows many more job openings than unemployed workers, showing the labor shortage is going strong, and hiring is incredibly weak. → Read More

More women left the work force in September than the US economy added jobs

Even more women weren't working or actively looking for work in September. Experts say Delta variant childcare closures fell on women's shoulders. → Read More

The supply-chain disaster that is eating Christmas is being driven by a Biden-Xi conflict that many are overlooking

The US-China trade war created a supply crisis even before the "everything shortage." They're fighting over the semiconductor chips everyone wants. → Read More