Greater Lansing Survey of Consumer Spending Plans
– II
July 2003 with Comparison to January 2003
Prepared by Ed Sarpolus
This study is based upon a survey of 400 adults in
the Greater Lansing area.
The survey was conducted June 22 – July 16,
2003, and has a margin of error of ±5.0 percent.
OVERVIEW
Continued
majority satisfaction with local economy
July
2003
Jan.
2003
Total
Satisfied
15%
11%
Very
satisfied
57%
July ‘03
42%
44%
Somewhat
satisfied
55% Jan 2003
Total
Dissatisfied
23%
27%
Somewhat
dissatisfied
39%
July ‘03
16%
14%
Very
dissatisfied
41% Jan. 2003
4%
4%
Undecided/don’t
know
“Spending
less” increases 6 percentage
points since January
July
2003
Jan.
2003
Total
More
6%
6%
Much
more
23%
July ‘03
17%
18%
Somewhat
more
24% Jan ‘03
53%
59%
About
the same
Total
Less
14%
12%
Somewhat
less
22%
July ‘03
8%
4%
Much
less
16% Jan ‘03
2%
1%
Undecided/don’t
know
“Very”
strong feeling of job
security dips 10 percentage
points –overall
job security still strong
July
2003
Jan.
2003
Total
Secure
44%
54%
Very
secure
80%
July ‘03
20%
15%
Mostly
secure
81% Jan ‘03
16%
12%
Somewhat
secure
Total
Insecure
7%
8%
Somewhat
insecure
11%
July ‘03
1%
2%
Mostly
insecure
12% Jan. 2003
3%
2%
Very
insecure
9%
7%
Undecided/don’t
know
Small
drop in those planning
to move
July
2003
Jan.
2003
Total
Move
4%
6%
Certain
to move
12%
July ‘03
8%
7%
Likely
to move
13% Jan ‘03
15%
14%
Likely
to stay
71%
70%
Certain
to stay
2%
3%
Undecided/don’t
know
SPECIAL
NOTE: The July ’03
survey shows an
11 percentage point
increase in numbers
of those saying
they are planning
to rent a home or
an apartment—from
27 percent in January
to 38 percent in
July ’03.
Drop
in amount
consumers
are willing
to pay for
new or existing
home
July
2003
Jan.
2003
23%
16%
Less
than
$100,000
19%
25%
$100,000
to
$200,000
--%
4%
$200,000
to
$300,000
2%
4%
More
than
$300,000
56%
51%
Undecided/don’t
know
Increase
in
average
amount
to
be
spent
on
major
repairs,
additions,
remodeling,
landscaping
or
other
improvements
on
existing
homes
July
2003
mean average:
$8,608
Jan.
2003
mean
average:
$5,259
Around
a
$750
drop
in
what
they
are
willing
to
pay
for
a
new/used
vehicle.
July
2003
mean average:
$14,595
Jan.
2003
mean
average:
$15,369
Changes
in
list
of
major
appliance
purchase
priorities
MRA
REPORT