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State of the State survey shows customers are upbeat about economy

August 31, 2016

Michael Rogers, vice president communications for the Small Business Association of Michigan, talks with Michigan State University economist Charles Ballard about the latest State of the State survey. The survey finds that Michigan residents are remaining confident about the economy with better than half of them calling their current circumstances excellent or good or excellent. 56.9 percent of those who responded called their current financial situation excellent or good. Just about 30 percent called it fair. Another 12.9 percent called their circumstances not so good or poor. Michigan adults questioned in the survey also said they are just slightly better off this year than they were a year ago – 43.8 percent said they are better off, 30.4 percent are about the same and 25.9 percent consider themselves to be in worse condition.

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