Jonah Berger of the Wharton School said brokerage accounts for young people could teach money management skills. “There are risks to investing, period…. I don’t know whether those risks are unique to young people,” he said. “Think about cell phones and access to the internet and social media—all are powerful tools that … can have down sides if not used carefully.”
https://www.nbcnews.com/business/business-news/are-brokerage-accounts-teens-really-good-idea-n1267875 NBC News