This dissertation documents a striking relationship: crime appears to induce savings. While the crime literature has focused the determinants of crime, we study the reverse question: how does crime affect economic decisions? This question is interesting and important, for key economic variables can be influenced by crime. Using Brazilian city level data, we find that high crime cities also have high savings rates. The results are robust to endogeneity of crime, different measures of savings, and a large set of demographic controls. Furthermore, this pattern only arises when property crime is considered, which is consistent with the theory developed in the second chapter of this thesis.