2More specifically, in the 1998–2007 waves of the Survey of Consumer Finances the fraction of total net wealth owned by the wealthiest 1 percent of households ranges between 32.4 and 34.4 percent, while the bottom 60 percent of households held roughly 2–3 percent of wealth. The statistics from the 2010 and 2013 SCF show even somewhat greater concentration, but may partly reflect temporary asset price movements associated with the Great Recession (see also Bricker, Henriques, Krimmel, and Sabelhaus (2016) and Saez and Zucman (2016)). Corresponding statistics from the recently released Household Finance and Consumption Survey show that similar (though sometimes a bit lower) degree of wealth inequality holds also across many European countries (see Carroll, Slacalek, and Tokuoka (2014)).