Despite the down market years of the post-Internet bubble bear market and subsequent financial market scandals, American investors are in the midst of a resurgence in which one in 125 individuals can claim the distinction of being millionaires, The Wall Street Journal reports.

According to The 2004 World Wealth Report, a research document complied by Merrill Lynch and consultants Capgemini Group, the number of millionaires in the U.S. rose last year by 14% to 2.27 million people with $1 million or more in financial or liquid assets. This is up from two million such individuals in 2002. And the number of individuals with $30 million or more to invest in North America peaked at 30,000.

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