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
Mock G7 Pack
The UK hosted the G7 Summit in June 2021. Young Citizens wants to engage young people across the UK...
Online Opinions
During this lesson pupils explore why people see different results when searching for information online. Pupils find out about filter bubbles and consider what impact these have on peoples thoughts…
More Economics, Money and Managing Resources resources
Local and Central Government
This resource pack is the third of a four-part set which has been designed to introduce students to the...
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! (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
Why Do We Pay Taxes? (Part 1)
Pupils will learn that public services are largely funded through the payment of taxes to the government. To access this content, register for our School Subscription.
Democracy Ambassadors
What was Democracy Ambassadors? Between April 2018 and March 2019 Young Citizens worked with youth leaders to recruit 1,000...
Being An Online Citizen
During this lesson pupils consider their rights and responsibilities as digital citizens, focusing on how the online world can be used as a force for good. Pupils consider what skills,…
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...
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…
What is Tax?
During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...