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
COVID and the Economy
During this session, students will critically examine some of the key economic considerations of the pandemic. They will explore...
How Does the Budget Impact Me and Others?
The resource consists of two activities. The first is a notation task based on the information provided about the...
More Economics, Money and Managing Resources resources
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…
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…
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.
More Politics and Democracy resources
Climate Action: Using the Law to Drive Change
In 2021, COP26 was hosted in Glasgow. It was seen as a pivotal moment in tackling the global climate...
What is Tax?
During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...
All at Sea: a story about fairness and the rule of law
During this lesson pupils use the story ‘All at Sea’ to explore how a group of citizens should organise a new society under a challenging set of circumstances. Each chapter…
More KS3 (ages 11-14) 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…
Migration of People
To help you engage your students in the topic of migration Young Citizens have developed a flexible teaching resource...
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…