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, Politics and Democracy, KS4 (ages 14-16)

Citizenship: a privilege or a right?

Students research what the law says about the rights of individuals to become UK citizens and critically examine whether...

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

What is a Charity?

Pupils learn about the reasons why charities are created. They will be introduced to the main features of a charity and have the opportunity to research the work of a…

Lessons, Sustainability and the Environment, KS2 (ages 7-11)

World Female Ranger Day (KS2)

During this lesson children 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

Lessons, Understanding Rules & The Law, KS5 (ages 16-18)

Housing Law (SmartLaw Subscription)

In this lesson students explore a range of different housing situations someone can find themselves in. They examine some of the common legal issues concerning housing including common landlord and…

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, Economics, Money and Managing Resources, KS1 (ages 5-7)

Money – Wants and Needs

Pupils will consider the difference between wants and needs and discuss how our wants and needs can influence how we spend money. To access this content, register for our School…

More Politics and Democracy resources

Lessons, Understanding Rules & The Law, KS2 (ages 7-11)

All at Sea: a story about fairness and the rule of law

During this lesson pupils use the story ‘All at Sea’ to explore how a group of citizens should organise a new society under a challenging set of circumstances. Each chapter…

Lessons, Economics, Money and Managing Resources, KS3 (ages 11-14)

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...

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...

More KS3 (ages 11-14) resources

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

Crime and its Impact (SmartLaw Subscription)

Students explore the impact of crime on those surrounding the victim and the perpetrator and consider the financial, physical and emotional ripples that crime can have on a community. Please…

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

Social Media and the Law (KS3) (SmartLaw Subscription)

Students explore the law in relation to social media posts, the types of offences that people are committing (whether knowingly or not) and the consequences of committing these offences. The…

Lessons, Digital Citizenship, KS3 (ages 11-14)

What is a Digital Citizen?

In the delivery of this resource your students will explore what is meant by the term ‘digital citizen’. They...