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

World Female Ranger Day (KS2)

During this lesson children will learn about World Female Ranger Day. Pupils will explore where the continent of Africa is and learn about its unique wildlife, and why it needs…

Lessons, Digital Citizenship, KS2 (ages 7-11)

Digital Footprints

In this lesson, pupils explore what a digital footprint is. They consider what is and isn’t appropriate to share online thinking about the impact of this information both now and…

Lessons, Digital Citizenship, KS4 (ages 14-16)

Who Owns Your Data?

This ready-to-teach double lesson pack is aimed at students in key stages 4 and 5. During the course of...

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...

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

Economic Cycles

This free classroom resource explores what economic cycles are and how they impact our lives. Aimed at KS4 and...

More Politics and Democracy resources

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

Democracy Ambassadors

What was Democracy Ambassadors? Between April 2018 and March 2019 Young Citizens worked with youth leaders to recruit 1,000...

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, Digital Citizenship, KS3 (ages 11-14)

What is Media Bias?

During this lesson students explore what bias within the media is and how it differs from fake news. They...

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 2026 (ages 11-18+)

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