Web Exclusive: Americans still living paycheck to paycheck, study finds

Web Exclusive

 

(CBS/CNN) - Many signs point to a rebounding economy, but a survey revealed times are still very tight for nearly all Americans.  Bankrate.com discovered 76% of Americans are living paycheck-to-paycheck still struggling with the great recession.  Fewer than a quarter have enough savings to pay for six months of expenses if they'd lose their jobs and another 27% have no savings at all.   
 
More drivers are having trouble getting their car loan payments in on time.  Credit reporting company, Transunion says that the rate of U.S.  Auto-loan payments at least 60 days overdue is up from last year.  Transunion says the uptick in loan-delinquency is driven by a rise in late payments among borrowers with less-than-sterling credit.  As the economy improves, banks are more comfortable lending to those with bad credit.
 
Apple fans will wait in line for hours to buy the newest iPhone, but what are they willing to pay for a 37-year-old computer!  Monday an auction house in New York opened bidding on one of the few remaining original Apple One computers.  Christie's auction house expects the computer to sell for between $300,000 and 500,000 dollars.  It was the first product designed by Apple co-founder Steve Wozniak, who built it in Steve Jobs' parents' garage.   
 
Twinkies aren't the only iconic junk food making a comeback.  Get ready to see Drakes Cakes back on shelves, including devil dogs, funny bones and yodels.  Drake's was purchased by longtime hostess rival McKee foods and plans to re-launch its deserts on shelves by late summer early fall.

 


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