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Michigan State University State of the State Survey finds Michiganders more optimistic about their finances


EAST LANSING (WKZO) -- The latest Michigan State University State of the State Survey has found that Michigan residents are feeling more confident about their economic security. MSU economics professor and Survey Director Charles Ballard says that, in this most recent survey, 40 percent said that their economic situation was better this winter than last. That's compared to 2009, when just 13 percent felt better off than they did a year before. Ballard says that a few years of positive economic news has been good for the state's psyche.

"We had a very, very tough decade, but then Michigan's economy bottomed out in late 2009 and early 2010," Ballard told WKZO. "We've had four years since then of decent, but not spectacular, growth. We're still a smaller economy than we were ten years ago, but we've had four years of this modest improvement, and that is reflected in all of our numbers."

Ballard says that the best year ever for the State of the State Survey was 1999. It's taken three or four times a year to gauge how Michiganders are feeling about their finances.