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
Preventing Infectious Diseases
This lesson should be delivered as a follow-up to the lesson ‘What is an infectious disease?’ In this lesson pupils will recap their knowledge of infectious diseases, they will then…
Biodiversity: Using the Law to Drive Change
During this lesson, students consider what biodiversity is, why it is essential to all life on Earth and what...
The Big Legal Lesson 2026 (ages 11-18+)
Join the UK's biggest legal education campaign during February 2025.
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…
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...
COVID and the Economy
During this session, students will critically examine some of the key economic considerations of the pandemic. They will explore...
More Politics and Democracy resources
Law Makers (SmartLaw Subscription)
In this lesson students examine what the rule of law is and why we need it. They consider how and why laws are made in the UK and what the…
Brexit: Part 1 – Referendum
Pupils will be given a brief introduction to the European Union. They will learn about why people’s opinions about the EU are divided and the results of the EU referendum.…
The Economy Quiz
In this short, 15 minute activity students use all they have learnt from earlier lessons to complete a quiz...
More KS3 (ages 11-14) resources
What is Debt?
Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future...
You Decide! (KS3)
This resource will allow students to critically consider what reasons and ways the government can take to support different...
Local and Central Government
This resource pack is the third of a four-part set which has been designed to introduce students to the...