There are more millionaires in the United States than ever before.
The number of households with net worth of $1 million or more, excluding their homes, is at a record 9.63 million, according to a new report.
That eclipses the old mark of 9.2 million in 2007 before the global financial crisis, according to the Spectrem Group research firm. The tally of millionaires slipped to 6.7 million in 2008 as the financial crisis struck.
The study reinforces other data showing that the wealthy are doing well compared to many other segments of society.
"Most of the financial damage done by the recession has been erased by recent record-high markets in 2013 as well as continued rebound in the real estate markets," said George H. Walper Jr., Spectrem president. "In terms of the affluent investor, it is fair to say they have finally recovered from the economic downturn."