Generation Y learned a lot about finances during the Great Recession and took more positive financial action since 2008 than any other generation.

So says Fidelity investments based on a study it conducted on the attitudes and behaviors of investors since the financial crisis began five years ago. It found that 81 percent of Generation Y — those born between 1981 and 1988 — believe they are more knowledgeable about finances now compared to only 66 percent of those in older generations.

Gen Y also is more confident as investors than older generations and is saving more since the recession hit.

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