When it comes to the economy, America's millionaires are an increasingly confident bunch.
More than 50 percent of wealthy investors believe the economy will be stronger one year from now, according to the just released CNBC Millionaire Survey. That's up 9 percent from six months ago, when 42 percent of millionaires surveyed expressed a similar level of confidence.
Tom Wynn, director of affluent research at Spectrem, provided several factors for the increased confidence: the steady improvement in job growth, the steady increase in the major stock market indices since the spring, and a decrease in political ambiguity with the election season over, which has an effect on at least some people's outlook. Wynn said this confidence extends to household income, household assets and company health. "In all of these areas, there has been an increase in confidence," he said.
However, the rise in overall economic confidence among the wealthy has not translated into greater bullishness about the stock market.
Investors anticipate moderate growth of 5 percent to 10 percent in the stock market, similar to the findings in the March millionaire survey. It is still the largest percentage of investors who anticipate their assets will grow 5 percent to 10 percent in 2015.
The rest of affluent investors diverge in near-equal percentages: those who think the stock market will be flat in 2015 (16 percent) represent roughly the same portion of this demographic as those who are very bullish (17 percent), expecting the market to be up 10 percent to 15 percent in 2015.