Children as young as six are going online to make money, whether it’s as an influencer on social media, selling clothes on eBay, gaming, or playing the markets
The money Naomi makes is put into a savings account for her future, her mother Isa says
Then, like many of us, bored during lockdown and looking for something new to do, he discovered cryptocurrency through YouTube videos, and TikTok tutorials, where he learned what and how to trade.He told us:"I took some of the money I made selling clothes, trainers across Depop and other re-selling platforms and then invested that into various coins. That was a £250 investment and over the last two years I’ve watched that grow."It's not just teenage entrepreneurs.
Given that regulators are already struggling to keep up with tech platforms, and there are concerns about the impact social media is having on young people's mental health, there are bound to be questions about this new frontier, and if there are sufficient safeguards to protect children from being exploited.GoHenry offers a pre-paid pocket-money payment card, and an app to help educate children about finances.
She said:"The world is changing. There's a lot of things available online, and some of those are really positive and really good. When we talk to parents of the kids that are doing this. They are overwhelmingly positive about it.
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