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
How Do You Feel Today?
In this lesson pupils will read about Mitali and his concerns for his friend Anna, who appears to be withdrawn and unhappy. Pupils will consider what can make people feel…
The Two Brothers
In this lesson pupils will read a tale adapted from Egyptian legend which tells of the love and care which two brothers showed for each other. In discussion, pupils will…
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 Economics, Money and Managing Resources 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...
The Government and the Economy
By the end of the lesson students will: Understand key economic terms including taxation, welfare benefits, public spending and...
Economic Cycles
This free classroom resource explores what economic cycles are and how they impact our lives. Aimed at KS4 and...
More Politics and Democracy resources
The G7 (Lesson Plan)
During this two lesson resource pupils learn about the G7 and take part in a mock G7 Summit meeting. During the first lesson pupils explore the history and function…
Democracy (Part 3): Why Do We Have Laws?
This lesson forms the final part of a three-part unit on democracy. Pupils learn about democracy and the rule of law. They discover the different roles of parliament, government and…
Plastic Pollution (KS2)
Find out more about the impact of plastic on our oceans. Watch this introductory video and use our free...
More KS3 (ages 11-14) resources
Law in Wales
Did you know that the age of criminal responsibility in Wales is ten? In Scotland it is 12. In...
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,...
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…