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)

Looking Out For Others

In this lesson pupils will think about kind and unkind behaviour. They will consider how they can help and support each other in order to create a happy class community.…

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, Relationships, KS1 (ages 5-7)

Tongue: The Power of Words

In this lesson pupils will read a tale adapted from Carib tradition which tells of how words can be used for good or bad. In discussion, pupils will consider the…

More Economics, Money and Managing Resources resources

Lessons, Politics and Democracy, KS3 (ages 11-14)

Local and Central Government

This resource pack is the third of a four-part set which has been designed to introduce students to the...

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, Economics, Money and Managing Resources, KS5 (ages 16-18)

The Government and the Economy

By the end of the lesson students will: Understand key economic terms including taxation, welfare benefits, public spending and...

More Politics and Democracy resources

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

You Decide! (KS4)

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

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

What is a Digital Citizen?

In the delivery of this resource your students will explore what is meant by the term ‘digital citizen’. They...

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

An Introduction to Human Rights

In this lesson students will explore our rights and responsibilities and how they are protected in law. They are...

More KS3 (ages 11-14) resources

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…

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

Cyberbullying (SmartLaw Subscription)

According to research by the charity Ditch the Label, 7 in 10 young people have experienced cyberbullying, 20% of whom experience it daily. Support your students to know their legal…