How Video Games are Teaching Kids Entrepreneurial Skills

How Video Games are Teaching Kids Entrepreneurial Skills

The struggle for parents to help kids balance their video gaming can a be a tough one. Although we may win some (and lose some), you'll be glad to know that many of these games are deceivingly more educational than you'd think.

 

Some games are designed with the intention of teaching kids, such as those focused on how to build and run a simulated business. But even games you might not think of as educational or strategy-based — like soccer or building games — may be imparting business lessons and financial literacy for kids and teens in ways you (even they) don't realize.

 

That could explain why video games have become a huge part of both higher education and corporate training over the last few years — esports (gaming) is even a varsity sport in college. Not just that, but scientific studies have shown that video games can help foster computational thinking and hone business skills.

 

We asked our community of teens to share some examples of how video games are teaching them skills that can help them start their own business, and some of their responses may surprise you.

1. Being the Boss

2. Serving Customers

3. Marketing and Sales

4. Trading

5. Multitasking and Money Management

6. Making Investments

7. Spending Wisely

 

Unlike video games from years ago like Space Invaders or Pac-Man, which relied solely on manual dexterity, many of today's games require business-related problem-solving and strategy. Playing video games allows kids to develop and practice these skills. Here are 4 video games our teen community highlighted as helping them gain money management skills. 

 

We'd love to hear your thoughts! Ask your kids what money lessons they've learned from playing video games. Share your findings with #letstalkmoney @gohenry on Twitter and Facebook, or by email.

 

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Written by GoHenry Published Jan 20, 2022 ● 3 min. read