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What are the federal child labor laws for 14 year olds?

Federal child labor laws for 14-year-olds restrict the types of jobs they can do and the hours they can work. They are generally allowed to work in certain non-hazardous jobs outside of school hours, with restrictions on the number of hours worked per day and times of day they can work.


Can you have a debit card at 17 years old?

Of course. You can usually get one from aged 16, and some banks even give 'cash cards' to 14-16 year olds.


Can teenagers have bank accounts?

Yes they can. A lot of banks have accounts for children. For example, Abbey have two 'Youth Accounts', one for 11-15 year olds and one for 16-18 year olds. This isn't unusual either. RBS has an account called RBS Revolve for 11-18 year olds (which I've heard is quite good) and even has an account for 7-10 year olds, which allows them to draw up to £10 a week. I think it's a great idea! Helps children learn what money is, how quickly it goes and that it doesn't quite grow on trees! Hope this helps, Becca


What are the best investment options for 18 year olds looking to start investing?

For 18-year-olds looking to start investing, the best options are low-cost index funds, individual stocks of well-established companies, and investing in a retirement account like a Roth IRA. These options offer a good balance of potential growth and risk management for young investors.


What are the options for car loans for 17 year olds?

Car loans for 17-year-olds are limited because they are minors and cannot enter into a legal contract. However, some options may include having a co-signer who is of legal age or exploring special financing programs for young drivers. It's important to research and consult with financial institutions to find the best solution.