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Table 1: Household Saving Rate: Difference in Twins and Only Child Households by Income GroupOnly-Child HouseholdsTwin HouseholdsAverage household Saving Rate21.3%12.8%lowest 20% income quintile6.4%-2.9%second lowest quintile18.3%16.6%middle income23.7%10.3%second highest quintile27.4%19.5%highest 20% quintile33.4%25.4%Source: Urban Household Survey 2002-2009Inviting the AvoidableMaybe it is excessive skittishness, or perhaps it is the result of global financial volatility in recent years – crises in Mexico in 1994-5, East Asia in 1997-98, Russia in 1998, and then in Brazil, Turkey, and Argentina – but we economists are more concerned about monetary affairs and possible future disasters than we have been in many decades.
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