They are a personal device like a gameboy.
There is a TV version for party games.
The games may or may not be shareable, even with the physical games.
Assume the ideal usage is during screen time on a weekend.

I have been avoiding buying one as I don't understand them. Thinking of getting them soon.

I assume one OLED for the family and then a portable per person, then one copy of each game per device.

How is this affordable?

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[–] MyTurtleSwimsUpsideDown@fedia.io 7 points 5 days ago

Once an account is set up on a switch your kids will not need to remember password to access it. From what I recall the only time you might have to recall the password is to add funds to the account to buy games on the shop.

There is a companion parental control app that allows you limit screen time or access hours and filter games by age rating. You’ll still have full access to the console through a quick passcode.