This thesis analyzes the role of financial education in Italy, focusing mainly on the existing literature, on behavioral biases, on financial education initiatives aimed at mitigating them and on the success of the latter. The research begins by explaining the role played by financial education illustrating the advantages but above all highlighting the disadvantages of not being financially educated. Subsequently, it continues with a review of existing studies on financial literacy in Italy highlighting the main gaps existing with other nations. In parallel, the main behavioral biases such as overconfidence, framing bias and loss aversion that damage individuals' financial decisions are explored.