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
Litter: The Picnic
In this lesson pupils will follow the story of the Go-Givers having a picnic. Pupils will think about the problems caused by littering and how they can take responsibility for…
An Introduction to Human Rights
In this lesson students will explore our rights and responsibilities and how they are protected in law. They are...
World Female Ranger Day (KS1)
During this lesson pupils will learn about World Female Ranger Day. Pupils will explore where the continent of Africa is and learn about its unique wildlife, and why it needs…
More Economics, Money and Managing Resources resources
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...
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…
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
COVID and the Economy
During this session, students will critically examine some of the key economic considerations of the pandemic. They will explore...
Democracy (Part 1): What is a General Election?
This lesson forms the first part of a three-part unit on Democracy. Pupils explore the meaning of ‘democracy’, and the ways in which citizens can participate in democratic life in…
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...
More KS3 (ages 11-14) resources
Migration of People
To help you engage your students in the topic of migration Young Citizens have developed a flexible teaching resource...
How to share learning with your peers
Originally designed to be a companion pack for the Democracy Ambassadors programme, this handy toolkit will support students who...
Mock Trials Classroom Pack
The Mock Trial Competitions are our longest-running active citizenship experiences. Since 1991, we have provided unparalleled exposure to the...
More resource packs
Related content
Mock Trials
The Mock Trial Competitions are our longest-running active learning experiences. Since 1991, we have provided unparalleled exposure to the...