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
Crime and its Impact (SmartLaw Subscription)
Students explore the impact of crime on those surrounding the victim and the perpetrator and consider the financial, physical and emotional ripples that crime can have on a community. Please…
Social Media and the Law (KS3) (SmartLaw Subscription)
Students explore the law in relation to social media posts, the types of offences that people are committing (whether knowingly or not) and the consequences of committing these offences. The…
People Who Are Special To Me
In this lesson pupils will think about the ‘special people’ in their lives such as family, friends and carers. Pupils will be encouraged to recognise and respect the diversity found…
More Economics, Money and Managing Resources resources
The Government and the Economy
By the end of the lesson students will: Understand key economic terms including taxation, welfare benefits, public spending and...
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…
Employment Law (SmartLaw Subscription)
During this lesson students explore the law that applies to young workers and what they can do if they believe their legal rights at work are not being upheld. To…
More Politics and Democracy resources
Citizenship: a privilege or a right?
Students research what the law says about the rights of individuals to become UK citizens and critically examine whether...
Mock G7 Pack
The UK hosted the G7 Summit in June 2021. Young Citizens wants to engage young people across the UK...
Brexit: Part 2 – Negotiations
Through the example of Brexit talks, this lesson introduces pupils to the concept of negotiation and the skills required to succeed in negotiations. Activities are designed to give pupils the…
More KS3 (ages 11-14) resources
Migration of People
To help you engage your students in the topic of migration Young Citizens have developed a flexible teaching resource...
Youth Justice (SmartLaw Subscription)
During this lesson, students will explore the process a young person goes through when they commit, or are suspected of committing a crime. They will also examine different types of…
Law Makers (SmartLaw Subscription)
In this lesson students examine what the rule of law is and why we need it. They consider how and why laws are made in the UK and what the…