Americans Optimistic about Economy as 2016 Rolls In

Americans are more optimistic about the economy and the future as 2015 comes to an end.

A stronger job market has helped lift consumer confidence. According to government statistics, employers added an average of 210,000 jobs per month this calendar year.

The unemployment rate fell to about 5 percent, which most economists consider a normal rate.

Earlier this month, the Federal Reserve raised interest rates for the first time in 10 years, an indication the economy is getting stronger.

Higher interest rates benefit people with savings in the bank. More than two-thirds of consumers expect interest rates to rise even more in 2016, generating an overall feeling of optimism about the economy.

Reduced gasoline prices are also factoring into an improved economic outlook. Regular gas is dipping below $2 a gallon in many parts of the country, leaving more money to purchase cars, appliances, electronics and other goods.