Board games teach social interaction, waiting their turn and general social skills as well of course as money management and critical thinking.
My 8 year old, 7 year old, 5 year old and 3 year old love them so this is something we do regularly.
To me, board games are very meaningful games. It helps me and my kids spend more time together, bond, and get closer. I find this game can also help children learn how to reason logically and solve problems strategically.