Youth-led · Nonprofit · Connecticut

The financial system wasn't built for teens.

The Center for Youth Finance researches how banking laws and financial products exclude American teenagers — and works directly to change it.

4.2%
of U.S. households are unbanked
5.6M
families without a bank account
20×
more assets with early account access
CYF
Policy Brief #1

Financial Access for Minors

How banking laws and account restrictions create barriers for American teenagers.

Download the brief →

Our mission

Research that moves policy. Action that moves lives.

CYF is a youth-led nonprofit studying how financial systems, economic conditions, and consumer financial products impact teenagers — and publishing policy recommendations for educators and policymakers.

We don't just publish reports. We work directly with teens to help them access the financial tools they deserve.

This is not a personal failure or a parental failure. It's a system failure.
CYF Policy Brief #1 · Financial Access for Minors

Our research

Three divisions. One mission.

Economic Policy

How the economy treats teens

Economic conditions, labor policies, and wealth inequality — studied specifically through their impact on teenagers, with policy changes that would improve outcomes for young people.

Financial Systems

Who gets to open an account

Banking access, account restrictions, and the financial infrastructure that excludes minors by design. Home of Policy Brief #1.

Consumer Protection

What it costs to be young

Fees, predatory products, and financial product transparency as they affect teenagers — and the regulatory protections young consumers need.

Published research

Policy Brief #1 is out now.

Millions of American teenagers can't open a bank account — not because they don't want one, but because the law won't let them. Our first brief examines the barriers, the data, and what Congress, regulators, and schools need to do about it.

May 2026Published
5 sectionsEvidence-based
3 recommendationsFor lawmakers
Download the full brief ↓
CYF · Policy Brief #1 May 2026

Financial Access for Minors

4.2%
of U.S. households lack a bank or credit union account — with rates skewing higher among younger households.
5
states, including Texas and Oklahoma, give parents the legal right to deny their minor children bank accounts entirely.
20×
more assets accumulated by young adults who had savings accounts early in life versus those who didn't.
Financial Systems Division Read the brief →

Join CYF

Be part of the research.

CYF is recruiting motivated teens across research, policy, outreach, communications, and leadership. Every contributor does real work that goes into real policy briefs.

No prior experience required — just a genuine interest in making the financial system work for young people.

Apply now →

Open positions

Research Associate
Policy Writer
Division Headone of three divisions
Gov. Relations Associate
Events Coordinator
Director of Research
Director of Outreachsocial media & marketing
Head of Efficiencyinternal processes
Director of Communications
Vice Presidentcover letter required

About CYF

Built by teens. Built for teens.

The Center for Youth Finance was founded in 2026 with a simple belief: the financial system fails teenagers, and teenagers should be the ones calling it out.

We operate like a think tank — structured, research-driven, and policy-focused. But the researchers, writers, and advocates at CYF are the same people affected by the problems we study.

Based in Connecticut, CYF is currently publishing our first policy brief and building toward direct outreach with legislators and educators.

Our roadmap

  • Foundation Done

    Name, mission, divisions, and research structure established.

  • First output Now

    Policy Brief #1 published. Outreach to educators and staffers begins.

  • Contributors Next

    Recruiting the first research contributors to expand CYF's work.

  • Direct service Coming

    Programs that directly help teens access banking and financial tools.

Get involved

Work with CYF.

Whether you're an educator, a policymaker, or a teen who wants to get involved — we want to hear from you.

Contact us Download our brief