Economy
4:34 pm
Wed May 16, 2012

Survey measures how Michigan residents feel about the economy, Gov. Snyder and Pres. Obama

Every quarter, Michigan State University releases its State of the State survey. The survey questioned 963 Michigan adults about issues such as the economy, taxes, and Michigan’s financial future.

Charles Ballard is Michigan State University Professor of Economics. He said Michigan residents are more optimistic about the economy.

Those responding to the survey, 54% said their current financial situation was excellent or good. And, 61% of  said they believe they will better off a year from now.

When people are feeling better about the future, Ballard said “they are more likely to make an investment, they’re more likely to spend money and that can have a positive effect on the economy.”

But according to Ballard, trust in government is not so good.

“State government – 16% said that they think they can trust the state government all of most of the time. Twelve percent said they could trust the federal government all or most of the time. It’s a little better for local governments, it’s up in the 30’s, but still those numbers for all levels of government have trended downward, which I think is a reflection of some dissatisfaction at grid lock in Lansing and in Washington.”

Learn more about the approval rating for Governor Snyder and President Obama here.

The findings are based on the latest quarterly phone survey conducted from Feb. 14 to April 15. A total of 963 Michigan adults were questioned in the survey which has an error rating of +3.16 percent.