Resource

What is Debt?

Exploring both personal and sovereign debt.

Overview

Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future generations.

By the end of the lesson students will be able to:

  • Describe what debt is and why someone might find themselves in debt
  • Explain the difference between personal and sovereign debt
  • Examine the impact of personal and sovereign debt

This lesson forms part of our wider collection of Economic and Financial Literacy teaching resources.

More Lessons resources

Lessons, Diversity and Inclusion, KS1 (ages 5-7)

The Two Brothers

In this lesson pupils will read a tale adapted from Egyptian legend which tells of the love and care which two brothers showed for each other. In discussion, pupils will…

Lessons, Politics and Democracy, KS2 (ages 7-11)

Brexit: Part 1 – Referendum

Pupils will be given a brief introduction to the European Union. They will learn about why people’s opinions about the EU are divided and the results of the EU referendum.…

Lessons, Social Action/Active Citizenship, KS2 (ages 7-11)

Martin Luther King: Sacrificing All for the Dream

This lesson looks at discrimination against African Americans in the United States during the 1950s and 1960s, the Civil Rights Movement and how Martin Luther King achieved change through peaceful…

More Economics, Money and Managing Resources resources

Lessons, Economics, Money and Managing Resources, KS2 (ages 7-11)

Why Do We Pay Taxes? (Part 1)

Pupils will learn that public services are largely funded through the payment of taxes to the government. To access this content, register for our School Subscription.

Lessons, Understanding Rules & The Law, KS5 (ages 16-18)

Housing Law (SmartLaw Subscription)

In this lesson students explore a range of different housing situations someone can find themselves in. They examine some of the common legal issues concerning housing including common landlord and…

Lessons, Economics, Money and Managing Resources, KS3 (ages 11-14)

Consumer Law (SmartLaw Subscription)

This lesson explores the law concerning buying and selling goods and services highlighting what their rights and responsibilities are as a consumer. The lesson gives students the opportunity to practice…

More Politics and Democracy resources

Lessons, Politics and Democracy, KS1 (ages 5-7)

Who Runs the Country?

In this lesson pupils explore who runs the country and how they are elected. Pupils will learn about the important role that MPs play in representing the people who live…

Lessons, Community, KS1 (ages 5-7)

Exploring Our Community

In this lesson pupils will research what is meant by the word ‘community’. Pupils will think about who lives in their area and what services and facilities there are for…

Lessons, Economics, Money and Managing Resources, KS3 (ages 11-14)

What is Tax?

During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...

More KS3 (ages 11-14) resources

Lessons, Politics and Democracy, KS3 (ages 11-14)

What is a Political Party?

This resource pack is the fourth of a four-part set which has been designed to introduce students to the...

Lessons, Understanding Rules & The Law, KS4 (ages 14-16)

Tackling Discrimination (SmartLaw Subscription)

This lesson asks students to explore whether or not we have a moral or legal obligation to tackle discrimination when we see it. It can be delivered as a stand-alone…

Lessons, Politics and Democracy, KS3 (ages 11-14)

What is Democracy?

This resource pack is the first of a four-part set which has been designed to introduce students to the...