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

I Am Unique

This lesson focuses on celebrating diversity and respecting differences. During the lesson pupils will gain an understanding of what it means to be unique through participating in a range of…

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

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…

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…

More Economics, Money and Managing Resources resources

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)

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...

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

How Should We Farm?

In this lesson pupils will learn about different farming methods.  They will consider the advantages and disadvantages of these methods and learn how to identify labels that indicate how food…

More Politics and Democracy resources

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…

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

Where do you stand?

Over a series of short sessions, pupils will have the opportunity to consider topical issues related to their school life. Pupils will consider the strength of arguments for and against…

Lessons, Community, KS1 (ages 5-7)

Exploring Our Community

In this lesson pupils will research what is meant by the word ‘community’. Pupils will think about who lives in their area and what services and facilities there are for…

More KS3 (ages 11-14) resources

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

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…

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, KS3 (ages 11-14)

Your Legal Rights and Responsibilities (SmartLaw Subscription)

This lesson introduces students to the concepts of their legal rights and responsibilities and explores how the law impacts their daily lives. Students explore the different ages that various laws…