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
Ethics, Innovation and the Law
Aimed at KS4 and Post-16, your students will: Explore the way technology is developing and the impacts this has...
Looking Out For Others
In this lesson pupils will think about kind and unkind behaviour. They will consider how they can help and support each other in order to create a happy class community.…
You Decide! (KS4)
This resource will allow students to critically consider what reasons and ways the government can take to support different...
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...
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…
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…
More Politics and Democracy resources
What is a Digital Citizen?
In the delivery of this resource your students will explore what is meant by the term ‘digital citizen’. They...
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…
Migration of People
To help you engage your students in the topic of migration Young Citizens have developed a flexible teaching resource...
More KS3 (ages 11-14) resources
Climate Action: Circular Economies
During this lesson students explore how the economy can be used to support climate action and create a more...
Bar Mock Trial Competition – Support Videos
Preparing for the Bar Mock Trial Competition? Watch these video explainers, demonstrations and expert tips on key aspects of criminal trials. To access this content, register for our Bar Mock…
You Decide! (KS3)
This resource will allow students to critically consider what reasons and ways the government can take to support different...