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, Community, KS2 (ages 7-11)

Understanding Cancer

Many children in classrooms all around the country are dealing with cancer in one way or another at any given time. This lesson seeks to answer some of their questions…

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, KS4 (ages 14-16)

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...

More Economics, Money and Managing Resources resources

Lessons, Economics, Money and Managing Resources, KS1 (ages 5-7)

Money – Wants and Needs

Pupils will consider the difference between wants and needs and discuss how our wants and needs can influence how we spend money. To access this content, register for our School…

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

The Economy Quiz

In this short, 15 minute activity students use all they have learnt from earlier lessons to complete a quiz...

Lessons, Economics, Money and Managing Resources, KS4 (ages 14-16)

Economic Cycles

This free classroom resource explores what economic cycles are and how they impact our lives. Aimed at KS4 and...

More Politics and Democracy resources

Lessons, Economics, Money and Managing Resources, KS4 (ages 14-16)

Climate Action: Circular Economies

During this lesson students explore how the economy can be used to support climate action and create a more...

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

Migration of People

To help you engage your students in the topic of migration Young Citizens have developed a flexible teaching resource...

Lessons, Digital Citizenship, KS3 (ages 11-14)

What is a Digital Citizen?

In the delivery of this resource your students will explore what is meant by the term ‘digital citizen’. They...

More KS3 (ages 11-14) resources

Understanding Rules & The Law, KS3 (ages 11-14)

Magistrates’ Court Mock Trial Competition 2025/26: Preparation Resources (England, Wales, Northern Ireland)

School Guide – This guide contains all of the information to support the lead teacher and support teachers in preparing for the competition. Student Guides – Each student guide contains an…

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, KS3 (ages 11-14)

Learning About the Law (SmartLaw Subscription)

This lesson gives students an introduction to the legal system in the UK. During the lesson students will examine the roles of the various professionals involved in the law and…