Since 2008, the number of U.S. households worth $1 million or more has soared to record highs, surpassing even pre-recession levels.
The stock market's bull run, especially from 2012 to 2013, is largely responsible for the surge in wealth, according to Spectrem Group, a market research firm.
"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," George H. Walper Jr., president of Spectrem Group, said in a release. "In terms of the affluent investor, it is fair to say they have finally recovered from the economic downturn."
Households with a net worth of between $1 million and $5 million numbered a little more than 8 million at the end of 2013. More than 2.5 million households were added since 2008, with 440,000 of them hitting at least $1 million from 2012 to 2013.
The lesser wealthy have seen gains as well. The number of households with a net worth between $100,000 and $1 million, excluding primary residences, swelled to nearly 29 million, adding 500,000 since 2012.
The wealthy plan to stick with what's working: 60 percent of investors worth $5 million or more say they'll invest in equities this year, while 31 percent of those worth $100,000 to $1 million plan to do the same.
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