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

Learning About the Law (SmartLaw Subscription)

This lesson gives students an introduction to the legal system in the UK. During the lesson students will examine the roles of the various professionals involved in the law and…

Lessons, Social Action/Active Citizenship, KS2 (ages 7-11)

Making a Difference From Home

Our packs support KS2 and KS3 pupils to plan and deliver their very own mini social action project. By...

Lessons, Diversity and Inclusion, KS1 (ages 5-7)

More than One Friend

In this lesson about friendship, pupils will follow the story of Digby who is upset when his best friend Anna starts spending a lot of time with someone else. Pupils…

More Economics, Money and Managing Resources resources

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

Climate Action: Circular Economies

During this lesson students explore how the economy can be used to support climate action and create a more...

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...

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

Who’s Really Paying for COVID?

Young people are, and will continue to be, some of the most impacted by COVID. However their voices have...

More Politics and Democracy 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...

Lessons, Politics and Democracy, KS1 (ages 5-7)

What is a Vote?

In this lesson pupils will learn what it means to vote by looking at relatable examples in the lives of the Go-Givers. They will consider why and how votes are…

Lessons, Politics and Democracy, KS2 (ages 7-11)

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…

More KS3 (ages 11-14) resources

Lessons, Understanding Rules & The Law, KS4 (ages 14-16)

Tackling Discrimination (SmartLaw Subscription)

This lesson asks students to explore whether or not we have a moral or legal obligation to tackle discrimination when we see it. It can be delivered as a stand-alone…

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

Sentencing Myths (SmartLaw Subscription)

This short activity challenges young people’s perceptions of current sentencing guidelines. It can be run as a standalone activity or as an extension activity as part of a mock trial…

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

What is Democracy?

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