(Tallahassee Democrat)-- Educators, business groups and lawmakers from both political parties are pushing legislation that would add a new graduation requirement for Florida high school students: A mandatory, half-credit course in financial literacy.

In an overhaul of graduation requirements last year, lawmakers required school districts to include financial literacy in their high school economics curriculum, but the Florida Council on Economic Education says students should take a stand-alone "money course" that prepares to manage their finances as adults.

SEE ALSO: Florida says money course for students is inexpensive

Supporters of the effort point to studies that show half of Florida high school students lack a detailed understanding of issues like credit and insurance, and that students who take financial literacy courses are more likely to avoid risky financial decisions later in life, such as racking up credit-card debt.

Lawmakers from around the state plan to announce legislation later this morning.

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