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, Politics and Democracy, KS4 (ages 14-16)

Mock Parliament Debate

Aimed at students in KS4 and 5 (13-18 year olds) the pack is designed to be delivered over a...

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…

Lessons, Social Action/Active Citizenship, KS2 (ages 7-11)

Martin Luther King: Sacrificing All for the Dream

This lesson looks at discrimination against African Americans in the United States during the 1950s and 1960s, the Civil Rights Movement and how Martin Luther King achieved change through peaceful…

More Economics, Money and Managing Resources resources

Lessons, Economics, Money and Managing Resources, KS2 (ages 7-11)

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.

Lessons, Understanding Rules & The Law, KS5 (ages 16-18)

Housing Law (SmartLaw Subscription)

In this lesson students explore a range of different housing situations someone can find themselves in. They examine some of the common legal issues concerning housing including common landlord and…

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

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 Politics and Democracy 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)

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...

Lessons, Politics and Democracy, KS4 (ages 14-16)

Mock Parliament Debate

Aimed at students in KS4 and 5 (13-18 year olds) the pack is designed to be delivered over a...

More KS3 (ages 11-14) resources

Lessons, Social Action/Active Citizenship, KS2 (ages 7-11)

Making a Difference From Home

Our packs support KS2 and KS3 pupils to plan and deliver their very own mini social action project. By...

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...

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…