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Future looking bright for Arizona's wealthiest residents

PHOENIX -- Arizona's wealthiest are feeling good about the future.

In a new BMO Financial study, 65 percent of Arizonans worth $1 million or more expect the U.S. economy to improve over the next year. That's 5 percent higher than their wealthy counterparts across the country.

BMO spokesperson Carey Allen said there are several reasons for the regional optimism.

"We've had a lot of focus here on the health sector with the aging baby boomers and places like T-Gen and the focus on medical technology sectors."

The study also found about the same number of affluent Arizonans considers stocks and real estate a good investment again.

What's more, said Allen, "specifically 48 percent of them actually say they are better off financially than they were before the Great Recession of 2008."

Economists predict that higher level of confidence will trickle down as the affluent spend more money, more often on luxury items and services and stimulate local economic growth.

About the Author

Holliday Moore is a Phoenix native with more than 25 years experience in the local and national broadcast and media industry. A graduate of ASU's journalism program, with a second major in Marketing & Management, she considers herself one of the lucky few to be doing exactly what she loves, writing and producing news.

In 2012, she won a prestigious Edward R. Murrow award for a light feature radio story on snakes. For the record, snakes do not say much! She is also honored to be one of two nominees this year for a Mark Twain Award involving her series on Arizona drowning cases.

Among her career accomplishments, Moore has taken home a television Emmy for Cultural Issues Reporting on the Navajo/Hopi Partition Land Act. She has also won numerous Emmy nominations for hard, soft and even sports reporting. However, Moore considers her highest achievement was on the day she received the prestigious Walter Cronkite Political Excellence Award for developing the Scripps Television stations' Democracy 2000 & 2002 program. Bob Morford, ABC 15's News Director at the time, asked Moore to head the project with one wish, "Try not to lose ratings," he said. "We not only did not lose ratings," says Moore, "We actually improved ratings between the coveted 5:00-6:30pm news block."

"She created, designed and executed the award winning program," recalls Morford, "Her efforts brought a great deal of notice and credit to our station."

Moore loves a challenge and is an adrenaline junky by nature. She ran 400 hurdles in college and more recently half marathons to raise thousands of dollars for the Leukemia & Lymphoma Society. She works part time for KTAR Radio while volunteering for her young son's elementary school and running a freelance media services business.


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