Blockchain technology forms the foundation for cryptocurrencies such as Bitcoin, Dogecoin, and Ethereum, but it can be difficult to understand how it actually works. The Onion answers common questions about blockchain technology.
NEW YORK—Noting that it was becoming increasingly crucial for those in high-risk jobs to invest for retirement as early as possible, top financial experts concluded Wednesday that young grifters should begin laying the groundwork for a long con by age 25. “We strongly urge young grifters to put away 10 percent of…
WASHINGTON—Shedding new light on how Americans are preparing for their golden years, a report published Tuesday by the National Institute on Retirement Security found that most people’s plans consist entirely of the hope that some random junk piece they own ends up being a collector’s item worth millions of dollars.…
The U.S. one-cent coin costs more money than its face value to produce, which has led to debate over whether it’s worth continuing to mint and keep in circulation. The Onion presents the case for and against getting rid of the penny.
HEAVEN—Following decades of careful financial management, God, Our Lord and Heavenly Father, remarked on His excitement at realizing that only two mortgage payments stood between Him and outright ownership of Heaven. “After 6,000 years of paying off this loan, it’s crazy to think that I’m mere weeks away from calling…
The number of people using mobile payment apps like Apple Pay and Venmo continues to rise, although there are concerns that their convenience could come at the cost of security. The Onion breaks down the pros and cons of mobile payment apps.
CHICAGO—Saying that home prospecting can be “a simple, low-effort method of exercising financial foresight,” the National Association of Personal Financial Advisors published a report Monday suggesting readers spend one evening ripping apart the walls and floorboards of their homes each week in search of hidden cash,…
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WASHINGTON—Finding themselves increasingly annoyed with the inexplicable and infuriating persistence of their feeble socioeconomic inferiors, America’s rich and powerful were at a loss Wednesday as to exactly when the rest of the country would finally relinquish all hope and simply give up, sources close to the 1…
WASHINGTON—Citing leading economic indicators for its robust forecast of the nation’s fiscal climate, a new report released Tuesday by the U.S. Bureau of Economic Analysis found that the prevailing financial expansion will only continue and the economy will be invincible forever this time. “All available data tell us…
CINCINNATI—Excited by the prospect of quitting his retail job and moving to his own South Pacific island, 28-year-old Ben Hughes learned Friday that he would be receiving $50 million in returns from the federal government after incorrectly filling out his taxes. “Wait, let me double-check this—yep, 50 million dollars,…
Many people use outside help to file their taxes, and are faced with the choice of using a tax-preparation software or paying a CPA to do them. The Onion presents a side-by-side comparison of using software vs. hiring a professional.
CLEVELAND—Speculating that he had quite possibly reached the lowest point in his life thus far, 25-year-old Jeremy Garcia admitted he was worried he had hit rock bottom Wednesday after moving into a comfortable, rent-free arrangement in his parents’ house. “I’m deeply ashamed...I have no idea how I let things get this…
VICTORIA, SEYCHELLES—Welling with pride as the child made his initial $2 million deposit, hedge fund billionaire Seymour Gansthorpe reportedly helped his son Elwin, 8, open his first offshore bank account, sources reported Tuesday. “These are the kinds of things you live for as a dad: getting to watch your little boy…
NEW YORK—Saying it may account for the precipitous drop in the digital currency, financial experts on Friday told reporters that the recent plunge in bitcoin value could reveal vulnerabilities in crazy imaginary internet money. “This should serve as a clear indicator of how susceptible weird invisible money that only…
