Monopoly for Millennials: Funny, sad and true?
Just in time for the holidays, Hasbro has released a new “millennial” version of its enduring Monopoly game. Only this time, instead of buying and developing property, players collect experience points through activities like visiting the vegan bistro and taking a weeklong meditation retreat. The tagline? “Forget real estate. You can’t afford it anyway.”
Meant to be lighthearted, the game has struck a nerve with millennials who want to buy a home but, because of student loan debt, wage stagnation and high home prices, are unable to afford one. The National Association of REALTORS® reported last year that student loan debt is delaying millennial homeownership by seven years.
For millennials who can afford a home, many are discouraged by housing prices and lack of choice, especially in cities. Even with the recent market shift that has caused home prices to decline, Seattle is by no means affordable. In October, the median home price in King County jumped 8.6 percent to $613,506, still out of reach for many buyers.
What do you think about the Monopoly for Millennials? Is it funny, sad, offensive or all of the above? Let us know in the comments below.