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
Healthy Eating
In this lesson pupils will learn about the importance of eating the right amounts of different food groups as part of a healthy lifestyle. Pupils will have the opportunity to…
Anna’s Monster Lies
In this lesson pupils will read the story of Anna who tells lies to avoid getting into trouble. As she lies a monster (her conscience) starts to follow her, growing…
Plastic Pollution (KS1)
During this lesson children explore the environmental effects of plastic pollution by carrying out a number of experiments. They then go on to consider how they can take action against…
More Economics, Money and Managing Resources resources
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…
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…
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 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...
Brexit: Part 2 – Negotiations
Through the example of Brexit talks, this lesson introduces pupils to the concept of negotiation and the skills required to succeed in negotiations. Activities are designed to give pupils the…
Mock G7 Pack
The UK hosted the G7 Summit in June 2021. Young Citizens wants to engage young people across the UK...
More KS3 (ages 11-14) resources
Filter Bubbles: Tell Me What I Want To Hear
A “filter bubble” describes how algorithms limit and skew the information users see on the internet. In this lesson,...
Cyberbullying (SmartLaw Subscription)
According to research by the charity Ditch the Label, 7 in 10 young people have experienced cyberbullying, 20% of whom experience it daily. Support your students to know their legal…
Who’s to Blame? (SmartLaw Subscription)
This activity is based on the case of R v. Dudley and Stephens (1884) – two sailors accused of murdering cabin boy Richard Parker, after being cast adrift on the…