VOICED: Business is looking up for Pawnshops
Interactive Video
•
Business, Social Studies, Other
•
9th - 10th Grade
•
Hard
Wayground Content
FREE Resource
The video discusses the impact of the U.S. economic downturn on pawn shops, highlighting how Bill Jenkins' store has seen an increase in customers needing cash for essentials like medicine. High-end items are being pawned more frequently, and the rise in gold prices has made jewelry pawning attractive. Pawn loans offer a financial option for those affected by the economy, with the average loan being $75. Florida, hit hard by the recession, has high foreclosure rates, leading to a positive business outlook for pawn shops like Bartow Jewelry and Pawn.
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