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
Sexting and the Law (SmartLaw Subscription)
This lesson explores what the law says in relation to the sending of sexually explicit images by those aged under 18. The lesson examines two scenarios of young people involved…
Family Life
In this lesson pupils will think about what it means to be part of a family and how they can make a positive difference in their family life. Pupils will be…
Making a Difference From Home
Our packs support KS2 and KS3 pupils to plan and deliver their very own mini social action project. By...
More Economics, Money and Managing Resources resources
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...
How Does the Budget Impact Me and Others?
The resource consists of two activities. The first is a notation task based on the information provided about the...
You Decide! (KS4)
This resource will allow students to critically consider what reasons and ways the government can take to support different...
More Politics and Democracy resources
The Government and the Economy
By the end of the lesson students will: Understand key economic terms including taxation, welfare benefits, public spending and...
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…
Mock Parliament Debate
Aimed at students in KS4 and 5 (13-18 year olds) the pack is designed to be delivered over a...
More KS3 (ages 11-14) resources
What is Tax?
During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...
What is Debt?
Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future...
What is a Digital Citizen?
In the delivery of this resource your students will explore what is meant by the term ‘digital citizen’. They...