Fifty-five percent of affluent Americans think the economy will improve in the next three months, according to McDonald Financial’s Affluent Consumer Confidence Index. Although the confidence score was 44 out of 100, reflecting an overall negative outlook on the economy, the score has increased 10% since the last survey in April, when the score was 40.

Thirty-two percent reported that their economic situations had improved, up from 14% in April, and 60% expect the S&P 500 to rise in the next three months, up from 53% in April. Another 60% said they do not think the economy is in a recession, a nine percentage-point increase since April.

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