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Eric Hovde: “The average [savings] is $600.”

Featuring: Eric Hovde, Republican | Former Candidate, U.S. Senate Wisconsin

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2025 Sunwest Bank Economic Forum with Eric Hovde

Published | Video Starts at 26:02

And when you factor out government transfer payments for food stamps and welfare and all the rest, negative savings rates. Half of America has less than $1,000 in savings. The average [savings] is $600. Now seriously, could you imagine going home tonight and going, I only have $600. I'm one missed check and I'm in trouble. (26:02–52:43)

CLAIM

Asserts that the average savings amount for Americans is $600.

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Eric Hovde

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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