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

Law in Wales

Did you know that the age of criminal responsibility in Wales is ten? In Scotland it is 12. In...

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

COVID and the Economy

During this session, students will critically examine some of the key economic considerations of the pandemic. They will explore...

Lessons, Understanding Rules & The Law, KS2 (ages 7-11)

Relationships and the Law

During this lesson pupils explore the concept of marriage and civil partnerships focusing on the fact that they are a legal commitment between two people and what this means. Pupils…

More Economics, Money and Managing Resources 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, 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...

Classroom Toolkits, Politics and Democracy, KS1 (ages 5-7)

Controversial issues: guidance for schools

Children are alert to information and images they see in the media. These may graphically influence their view of the world, and not always positively. Graphic images on TV and…

More Politics and Democracy 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, Sustainability and the Environment, KS2 (ages 7-11)

The G7 (Lesson Plan)

During this two lesson resource pupils learn about the G7 and take part in a mock G7 Summit meeting.   During the first lesson pupils explore the history and function…

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

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…

More KS3 (ages 11-14) resources

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

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…

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

The Big Legal Lesson 2025 (ages 11-18+)

Join the UK's biggest legal education campaign during February 2025.

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

Sentencing Guidelines (SmartLaw Subscription)

This lesson asks students to consider the key findings of a harassment trial and conclude what sentence should be given to the guilty party. During the course of the lesson…