Hasbro announced Wednesday it will release a version of the classic board game Monopoly designed for the digital age. But financial experts argue the game’s new design could deprive children of important financial lessons.
In Hasbro’s latest edition of Monopoly, gone are the paper money and Community Chest cards. Instead, the board game now comes with a voice-controlled, artificial intelligence device shaped like a top hat.
Educators and financial advisers have often suggested that board games such as Monopoly or The Game of Life are important in promoting behaviors tied to saving and budgeting.
By removing the physical element of the game, some argue that Monopoly’s usefulness as a tool to teach children about money is reduced.
“Removing physical Monopoly money reduces the educational benefit of the game by glossing over the important task of learning to manage and count your money,” said Nicole Strbich, director of financial planning at Buckingham Advisors in Dayton, Ohio.
Research has shown that children’s approach to money changes after they are allowed to touch cash — handling money made kids work harder, but also made them stingier about giving money away.