In a time where most people in the US are struggling to feed their families, there is good news for some. A dramatic 16 percent increase of households in the US were counted as millionaires. That is approximately 7.8 million families that can call themselves millionaires.

The number of families that are in the ultra-millionaire or worth more than five million dollars increased by 17 percent. Although, these figures are considerably lower than the highs in 2007 it is a sign that some are bouncing back.

Analysts attribute the steep rise in millionaires to the stabilizing of the stock market from the lows in 2008. The real estate market is certainly not responsible as that is still in a downward spiral.

This new report has been released one year after the massive drop in stocks a year ago. The stock market was at its lowest in 12 years sparking many investors to get in while the prices were low.

Unfortunately, for the average citizen, the numbers are not quite as promising. The higher number of millionaires coincides with a high unemployment rate. Employers have cut costs and raised productivity with fewer individuals employed. The average unemployment rate has remained around ten percent during this economic turmoil.