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Eric Hovde: “The top 1/10 of 1% [of Americans] up 1,227% [in net worth…”

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

The American Consumer

Published February 3, 2026 | Video Starts at 01:03

And if you look at the graph to your right, this is showing the change in net Worth since 1990. And who has done the best. The top 1/10 of 1% [of Americans] up 1,227% [in net worth since 1990]. The top 10% up 684 bottom 50 lowest. And you know, when you factor in inflation over that time means that their incomes haven't done much or their net worth … (01:03–01:06)

CLAIM

Asserts that the net worth of the top 0.1% of Americans increased by 1,227% since 1990.

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

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“In 1995, about 36% of spending was driven by the top 10%.”
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“The top 1/10 of 1% of Americans control 13.9% of all the assets.”
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“From 1950 to 1974, [savings rate] was 11.4%.”
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