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
Homelessness
In this lesson pupils will think about what home means to them through writing a poem inspired by the line ‘Home is where the heart is’. They will consider the…
Rights and Responsibilities
In this lesson pupils will develop an understanding of the terms ‘rights’ and ‘responsibilities’ and how they balance one another. They will then discuss and prepare a class charter that…
Employment Law (SmartLaw Subscription)
During this lesson students explore the law that applies to young workers and what they can do if they believe their legal rights at work are not being upheld. To…
More Economics, Money and Managing Resources resources
COVID and the Economy
During this session, students will critically examine some of the key economic considerations of the pandemic. They will explore...
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…
You Decide! (KS4)
This resource will allow students to critically consider what reasons and ways the government can take to support different...
More Politics and Democracy resources
Magna Carta
During this lessons pupils will look at the history of the Magna Carta and consider how it has helped shape the laws we have today. Pupils consider what ‘fairness’…
Mock G7 Pack
The UK hosted the G7 Summit in June 2021. Young Citizens wants to engage young people across the UK...
Democracy Ambassadors
What was Democracy Ambassadors? Between April 2018 and March 2019 Young Citizens worked with youth leaders to recruit 1,000...
More KS3 (ages 11-14) resources
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...
Consumer Law (SmartLaw Subscription)
This lesson explores the law concerning buying and selling goods and services highlighting what their rights and responsibilities are as a consumer. The lesson gives students the opportunity to practice…
What is Debt?
Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future...