Teens are increasingly utilizing custodial investment accounts to participate in the U.S. stock market. Schwab reported nearly 300,000 custodial accounts for teens in 2023, a significant increase from around 120,000 in 2019. The rise in personal finance classes as a high school graduation requirement in many states is seen as a positive step towards enhancing financial literacy. Brokerages like Schwab, Fidelity, and Vanguard are experiencing a surge in custodial accounts for minors, with heightened activity observed during school breaks. Popular stocks among teenage traders include major tech companies such as Apple, Tesla, and Amazon.
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Financial literacy classes growing in high schools, with middle school the next target Read more: https://t.co/YmjEXvcJ1a
The most popular stocks among teenage traders? Big tech stocks, like Apple, Tesla and AMZN https://t.co/Q9GKzYS8O5
Teenagers are jumping into the U.S. stock market There's been a surge in custodial accounts for minors at brokerages like Schwab, Fidelity and Vanguard, and there's often a bump in activity during spring/winter break https://t.co/fKDPsorMpk @WSJmarkets @hannahmiao_ https://t.co/YjqahFKmYU
Personal finance classes have become a requirement for high school graduation in dozens of states in the past few years, sparking hope for activists that financial literacy is finally receiving the support it deserves. https://t.co/0PLsOr16KN
Custodial accounts for teens at Schwab totaled nearly 300,000 in 2023, up from about 120,000 in 2019 https://t.co/TAVbBoZ63r https://t.co/P2jhyMTJ1k
Teens are using custodial investment accounts to jump into the U.S. stock market https://t.co/vArDaE65Vb https://t.co/vArDaE65Vb