"By design, the [survey of consumer finances] sample excludes people who are included in the Forbes Magazine list of the 400 wealthiest people in the U.S.," said the Fed. Thus, the public version of the data set contains 4,595 of the 4,602 observations in the full data set," noted the Fed. But there were 20 entries who responded to the Fed that listed a net worth of at least $1 billion. -Steve GoldsteinThis content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires10-23-23 0847ETCopyright (c) 2023 Dow Jones & Company, Inc.

Source: Forbes October 23, 2023 12:52 UTC