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I assumed it was because under 16, you are a minor and require a guardian.
After 16 you can do whatever you like.
It only captures 2/3rds of people, because 1/3 will first vote when they are 18. And then take into account the small turnout you would have, and it wouldn't be much.
But maybe what they could start to do is have more education in schools around it. Have it part of a life skills curriculum including things like finance/budgeting.
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