Parents of kid influencers are facing a new law forcing them to share the income that their children make with them. Any time an influencer under the age of 18 makes money online, the parent or legal guardian must give the minor a portion of the proceeds.
Kid influencers are becoming more popular each year. Many kids are earning thousands of dollars from their content, but their parents aren’t entitled to the income until now.
Lawmakers have recently passed a law that mandates that income earned by kid influencers be shared with their parents or legal guardians. According to the law, the parent or guardian must be given at least half of the money earned by the minor. This is to ensure that the welfare of the child is taken into consideration, and that the parent or guardian will be able to provide for the child’s needs even after the influencer career ends. It also ensures that the minor will be able to save for their future.
The law is meant to help protect the child from exploitation. Any income earned is to be reported to the government, and the parent must account for every dollar earned. This helps protect the child from being taken advantage of by companies or other individuals.
In addition, the law also requires that parents act in the best interests of their child. This means parents must be honest about any dangers the influencer may be exposed to while making money online. The law also requires parents to put safety and well-being before any potential profits.
Kid influencers can certainly bring in some big money. However, with the new law in place, parents are required to share the income earned from their child’s content with them. This law is meant to protect the child’s best interests and ensure that their welfare is considered.
