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Teenagers earning money

America has always had an entrepreneurial spirit and the youth of today are continuing that trend. Above and beyond chores and setting allowances, it is good for kids to get a summer job or find some way of earning their own money. In the old days, a paper route was the first job for a kid in America. Times have changed. Some younger Americans these days are learning to sell goods and services online to make cash.

Selling online:

Teens are using sites like Etsy to get items to market. Be aware there are age restrictions on sites, so make sure that you obey any local laws so you don’t do anything illegal. You’re allowed to sell on Etsy if you’re at least 13, but remember if you’re under 18, you’re considered a minor. You have to reveal this in your status as a minor in your profile’s “About” section.


Another way to earn money online is Fiverr. If you are age 13 and older, you can register on the site. Teenagers can post listings for many services such as coaching people through tough levels of video games. Some teens are writing copy or doing design work. There are also sites like that have more stringent restrictions. You need to be at least 16 to use Depending on local laws, those under 18 can use an adult’s account, as long as they have permission from the adult whose account it is. Once they are earning, they need to do something with their money. Once they are earning, they need to do something with their money.

“Once you start earning money, you need to start understanding how best to start saving,” says Scott Ente, Senior vice president of David Lerner Associates. “It is important to think about the future from as early an age as possible. The earlier you start saving the more money you will have later in life.”

73 percent of teens reported wanting more personal finance education in 2021. It isn’t any wonder given that 32 percent of teens don’t know the difference between a credit card and a debit card. Teens may lack confidence in their knowledge of personal finance but many kids are opening bank accounts. According to Statista, in 2022, approximately 39 percent of children from 8 to 14 years old owned a savings account in the United States. Some Young Americans have even diversified into cryptocurrency and digital assets (around five percent). American teens look set to be a strong generation when it comes to making money and continuing America’s entrepreneurial spirit.


Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. This material does not constitute an offer or recommendation to buy or sell securities and should not be considered in connection with the purchase or sale of securities.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. 

Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable– we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

David Lerner Associates does not provide tax or legal advice. The information presented here is not specific to any individual's personal circumstances. Member FINRA & SIPC.

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