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)

Make a Difference in a Day

The Make a Difference in a Day resource pack has been created for teachers who want to deliver a...

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…

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

Design an Inclusive Playground

In this lesson pupils will consider the varying needs and interests of the Go-Giver characters and design a playground that matches these requirements. They will work in groups to present…

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)

What is Debt?

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

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, 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...

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

Democracy (Part 2): Local and Central Government

This lesson forms the second part of a three-part unit on democracy. Pupils learn about the function of central and local government and the difference between MPs and councillors. Pupils explore…

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

Who’s Really Paying for COVID?

Young people are, and will continue to be, some of the most impacted by COVID. However their voices have...

More KS3 (ages 11-14) resources

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

Who’s to Blame? (SmartLaw Subscription)

This activity is based on the case of R v. Dudley and Stephens (1884) – two sailors accused of murdering cabin boy Richard Parker, after being cast adrift on the…

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

An Introduction to Discrimination Law (SmartLaw Subscription)

This lesson looks at the history of anti-discrimination law, the different types of discrimination (i.e. direct and indirect discrimination) and how the law deals with discrimination. It can be delivered…

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

Mock Trials Classroom Pack

The Mock Trial Competitions are our longest-running active citizenship experiences. Since 1991, we have provided unparalleled exposure to the...

Related content

Mock Trials

Immersive legal education experiences that build vital civic skills for state school students.