Used box swapped for cash loan at pawn shop amid booming economy

0

A used coffin was reportedly traded for a cash loan at a pawn shop in Aurora, Colorado as the US economy continues to decline.

Scott Pasternack, who runs the Pasternack pawnshop in Aurora, said the used coffin had been traded in over the past year and other personal effects were pawned recently, according to the local Fox affiliate. , KDVR.

The coffin is now reportedly selling for $499.

“Our lending has exploded with the economy much weaker and people needing more money,” Pasternack said.

CNN HOST JOKES AMERICANS SHOULD EAT SMALLER PORTIONS THIS THANKSGIVING DUE TO INFLATION

FILE – Stock photo of cemetery with decorated coffin. (Judy Burns/Eye Em/Getty Images)

An Aurora man who spoke to KDVR on condition of anonymity said he’s been pawning his belongings a lot more often due to the current economic hardship.

“As times got tougher and inflation rates meant I had to come and sell things once a month,” he said.

IMPACT OF INFLATION ON CONSUMERS IS “DEATH BY A THOUSAND CUTS” FOR DEMOCRATS: STEVE FORBES

Biden boards Marine One in DC

President Biden walks on the South Lawn of the White House before boarding Marine One February 10, 2022 in Washington, DC (AP Photo/Patrick Semansky/AP Newsroom)

The Colorado pawnshop has seen more and more white-collar customers come to pawn their belongings, according to the outlet.

Roxi Kessler, who is one of the pawnshop’s customers, told KDVR that she was thrilled to be able to afford a second-hand vacuum cleaner.

“You can’t afford anything because gas prices are so high they’re driving up the prices of everything,” she said. “Food, insurance, everything. The price is skyrocketing. You can’t afford to buy anything new.”

According to the National Pawnbrokers Association, at least 30 million unbanked or underbanked American households use pawnbrokers each year.

Biden talks about the economy

President Joe Biden speaks during a visit to a family farm in Kankakee, Illinois on May 11, 2022. (Taylor Glascock/Bloomberg via Getty Images/Getty Images)

CLICK HERE TO GET THE FOX NEWS APP

The National Pawnbrokers Association told KDVR that the average amount people will borrow is around $150, and 85% pay that money back with interest and usually get their property back.

Share.

About Author

Comments are closed.