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
Who Runs the Country?
In this lesson pupils explore who runs the country and how they are elected. Pupils will learn about the important role that MPs play in representing the people who live…
The Big Legal Lesson 2026 (ages 5-11)
Join the UK's biggest legal education campaign during February 2025.
Democracy (Part 3): Why Do We Have Laws?
This lesson forms the final part of a three-part unit on democracy. Pupils learn about democracy and the rule of law. They discover the different roles of parliament, government and…
More Economics, Money and Managing Resources resources
Employment Law (SmartLaw Subscription)
During this lesson students explore the law that applies to young workers and what they can do if they believe their legal rights at work are not being upheld. To…
Economic Cycles
This free classroom resource explores what economic cycles are and how they impact our lives. Aimed at KS4 and...
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.
More Politics and Democracy resources
What is a Vote?
In this lesson pupils will learn what it means to vote by looking at relatable examples in the lives of the Go-Givers. They will consider why and how votes are…
Plastic Pollution (KS2)
Find out more about the impact of plastic on our oceans. Watch this introductory video and use our free...
Climate Action: Using the Law to Drive Change
In 2021, COP26 was hosted in Glasgow. It was seen as a pivotal moment in tackling the global climate...
More KS3 (ages 11-14) resources
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…
What is a Digital Citizen?
In the delivery of this resource your students will explore what is meant by the term ‘digital citizen’. They...
What is Debt?
Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future...