Pessimism is growing among wealthier Americans, according to results from the spring 2016 CNBC Millionaire Survey.
While 35 percent of respondents said in April 2015 that they believe their kids will be "financially worse off" than they were, nearly 40 percent said the same a year later. Contrast that with 32 percent who said their kids would be "better off" in 2015, and 31 percent who said the same in the latest survey.
One anxiety trigger is about future tax rates, said Itasca, Illinois-based financial planner Kevin Meehan, whose clients include high-net-worth individuals. Local and federal budgets are being stretched to cover pensions and entitlements, putting pressure on government to raise more revenue, he said.
"Successful people are looking at these drains on society at large," he said. "Their broad expectation is that they will need to pay a lot more to cover those."
On top of that, there's the negative rhetoric from some campaigns this election cycle about business and corporate America, Meehan said.
"Success has been more demonized this year than applauded," he said.