text: In a 1996 symposium examining universal IRAs available in the early 1980s , 28 researchers reached three widely divergent ( 1 ) yes , most contributions represented new saving , ( 2 ) no , most IRA contributions were not new saving , and ( 3 ) maybe , about 26 cents of each dollar contributed may have represented new saving .
  
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  The researchers in the first group were correct in their conclusion .