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
Make a Difference in a Day
The Make a Difference in a Day resource pack has been created for teachers who want to deliver a...
Digital Footprints
In this lesson, pupils explore what a digital footprint is. They consider what is and isn’t appropriate to share online thinking about the impact of this information both now and…
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…
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…
You Decide! (KS3)
This resource will allow students to critically consider what reasons and ways the government can take to support different...
How Does the Budget Impact Me and Others?
The resource consists of two activities. The first is a notation task based on the information provided about the...
More Politics and Democracy resources
The Government and the Economy
By the end of the lesson students will: Understand key economic terms including taxation, welfare benefits, public spending and...
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...
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…
More KS3 (ages 11-14) resources
Magistrates’ Court Mock Trial Competition 2025/26: Preparation Resources (England, Wales, Northern Ireland)
School Guide – This guide contains all of the information to support the lead teacher and support teachers in preparing for the competition. Student Guides – Each student guide contains an…
Voting and the General Election
This resource pack is the second of a four-part set which has been designed to introduce students to the...
An Introduction to Discrimination Law (SmartLaw Subscription)
This lesson looks at the history of anti-discrimination law, the different types of discrimination (i.e. direct and indirect discrimination) and how the law deals with discrimination. It can be delivered…