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Eric Hovde: “The top 1% controls 17.1% [of all assets].”

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

The American Consumer

Published February 3, 2026 | Video Starts at 01:10

I mean tripled, quadrupled. Why is this happening? Because wealth distribution is getting so whacked and skewered. The top 1/10 of 1% of Americans control 13.9% of all the assets. The top 1% controls 17.1% [of all assets]. And the top 10% controls 36.4. Folks, 67.4% of all the assets in America controlled by the top 10%. The middle 40 from 10 to 50 is 30%. (01:10–01:15)

CLAIM

Asserts that the top 1% of Americans control 17.1% of all assets.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Eric Hovde

“Almost half of all spending is driven by the top 10% of America today.”
The American Consumer | Uploaded February 3, 2026 | 00:09-00:15
“67.4% of all the assets in America [are] controlled by the top 10%.”
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“Half of America has less than $1,000 in savings. The average is $600.”
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“Subprime delinquency [in auto lending]... higher than the height of the great financial recession.”
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“The top 10% [of Americans] up 684% [in net worth since 1990].”
The American Consumer | Uploaded February 3, 2026 | 00:12-00:14
“In 1995, about 36% of spending was driven by the top 10%.”
The American Consumer | Uploaded February 3, 2026 | 00:18-00:25
“The top 1/10 of 1% of Americans control 13.9% of all the assets.”
The American Consumer | Uploaded February 3, 2026 | 01:03-01:10
“The top 1/10 of 1% [of Americans] up 1,227% [in net worth since 1990].”
The American Consumer | Uploaded February 3, 2026 | 01:03-01:06
“The top 10% controls 36.4% [of all assets].”
The American Consumer | Uploaded February 3, 2026 | 01:10-01:19
“The bottom 50 half of America only owns 2.5% [of all assets].”
The American Consumer | Uploaded February 3, 2026 | 01:34-01:40
“The bottom 50 [of Americans] lowest [in net worth change since 1990].”
The American Consumer | Uploaded February 3, 2026 | 01:34-01:36
“Two sectors that have had the highest rates of inflation? Higher education and health care.”
The American Consumer | Uploaded February 3, 2026 | 02:46-02:55
“Today, going to the University of Wisconsin probably costs you $50,000 a year.”
The American Consumer | Uploaded February 3, 2026 | 03:15-03:21
“Today [savings rate is] only 5.2%.”
The American Consumer | Uploaded February 3, 2026 | 03:15-04:50
“From 1950 to 1974, [savings rate] was 11.4%.”
The American Consumer | Uploaded February 3, 2026 | 04:39-04:44
“From 75 to 99, [savings rate] was 9.1%.”
The American Consumer | Uploaded February 3, 2026 | 04:43-04:47