Millionaires say they're becoming “cautiously optimistic,” according to the annual Phoenix Wealth Survey after last results that left 74 percent of them feeling poorer.

The survey monitors the attitudes and financial behaviors of people with a net worth of $1 million or more (excluding their homes).

Among the findings:
o While 40 percent of respondents were very pessimistic about the nation's economic future a year ago, only 28 percent are equally pessimistic today.
o Last year, 30 percent were at least “slightly optimistic” about the economy, but some 39 percent say they're somewhat optimistic today.
o 75 percent of the respondents said they remain “concerned” about the economy and some 16 percent are “extremely concerned.” That's an improvement from a year ago, but a subtle one. Last year 88 percent of respondents were “concerned” about the economy and some 22 percent were extremely concerned.
o The majority, at 53 percent, think the worst is over, but the recovery will be slow. Twenty-five percent think we'll remain in a prolonged downturn for the next 2 years, and 7 percent said they thought we already were coming out of the recession.