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
COVID and the Economy
During this session, students will critically examine some of the key economic considerations of the pandemic. They will explore...
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…
Social Media and the Law (KS4) (SmartLaw Subscription)
Students explore the law in relation to social media posts, the types of offences that people are committing (whether knowingly or not) and the consequences of these offences. Finally, students…
More Economics, Money and Managing Resources resources
Why Do We Pay Taxes? (Part 2)
Pupils will learn that councils are responsible for local spending decisions and can raise additional funds for public services through council taxes. To access this content, register for our School…
What is Tax?
During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...
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…
More Politics and Democracy resources
You Decide! (KS4)
This resource will allow students to critically consider what reasons and ways the government can take to support different...
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...
Sentencing Guidelines (SmartLaw Subscription)
This lesson asks students to consider the key findings of a harassment trial and conclude what sentence should be given to the guilty party. During the course of the lesson…
More KS3 (ages 11-14) resources
Magistrates’ Court Mock Trial Competition 2025/26: Preparation Resources (England, Wales, Northern Ireland)
School Guide – This guide contains all of the information to support the lead teacher and support teachers in preparing for the competition. Student Guides – Each student guide contains an…
Consumer Law (SmartLaw Subscription)
This lesson explores the law concerning buying and selling goods and services highlighting what their rights and responsibilities are as a consumer. The lesson gives students the opportunity to practice…
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...