Most millennial millionaires feel optimistic about the U.S. economy, with nearly three-quarters expecting improvements by the end of 2022, according to the latest CNBC Millionaire Survey.
Inflation concerns are a theme throughout the survey, with 37% of millionaires saying it’s the biggest risk to the economy over the next 12 months, the findings show.
“This is the first time that the millionaires in the survey said that inflation is their No. 1 threat — both to the stock market, the economy and their personal net worth,” said Robert Frank, CNBC’s wealth editor, unveiling the findings at the Financial Advisor Summit.
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However, the millennial millionaires surveyed had a rosier economic outlook than their older counterparts.
A majority say they think inflation is going to last six months to one year, compared to older generations…
