: A dedicated mobile platform that offers educational content and tools for tracking investments.
: Tools like practice trading apps allow teens to experiment with "paper trading" using real market data without risking actual money. Gender Disparity in Financial Talk Fidelity Youth Account | Save & Invest
According to the Fidelity Investments 2023 Teens and Money Study, teens are engaging with money earlier than previous generations:
: Despite high interest, many teens find investing "too confusing" or "out of reach," often incorrectly believing they cannot trade stocks. Key Concepts for Teens
: On average, teens talk about investing with parents by age 11 and open their first savings account the same year.
For teens looking to apply these concepts, several custodial and youth-focused accounts are available:
: Understanding that starting to invest early allows money more time to grow through reinvested earnings.
: A brokerage account for 13–17 year olds that allows them to save, spend, and invest while providing parents with monitoring capabilities.