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, 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, Digital Citizenship, KS3 (ages 11-14)

Filter Bubbles: Tell Me What I Want To Hear

A “filter bubble” describes how algorithms limit and skew the information users see on the internet. In this lesson,...

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...

More Economics, Money and Managing Resources resources

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…

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)

You Decide! (KS3)

This resource will allow students to critically consider what reasons and ways the government can take to support different...

More Politics and Democracy resources

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, KS3 (ages 11-14)

Create a Local Council Budget

Students critically consider the needs of a fictitious town and how to spend it’s £250 million budget wisely. Working...

Politics and Democracy, KS2 (ages 7-11)

Brexit: Part 2 – Negotiations

Through the example of Brexit talks, this lesson introduces pupils to the concept of negotiation and the skills required to succeed in negotiations. Activities are designed to give pupils the…

More KS3 (ages 11-14) resources

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

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…

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)

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…