Nearby USA pawn shop is your local source for finding quality used and new items at affordable prices. We sell tools, kitchen appliances, electronics, jewelry, off-road vehicles and much more. We can also help you find a short term loan or collateral loans based on the value of your item.
EL PASO, Texas — Clay Baron’s pawnshop carries everything from gold rings and pearl necklaces to vintage cowboy boots and silver belt buckles. But lately, more customers have been bringing in less expensive items to pawn – a sign that for some Americans, the economy hasn’t turned around. Two years of steep inflation has made it harder for people living paycheck to paycheck, such as retired workers and those on fixed incomes.
Nearby USA Pawn Shop: Convenience and Reliability
Baron’s pawnshop is among many in the nation that have seen more customers seeking to borrow money, secured by the merchandise they bring in, compared with those looking to sell. That has helped push pawnshop balances up across the country, according to data from two of the largest publicly traded pawnshop companies. FirstCash Holdings Inc., which operates 1,200 stores under the Cash America and FirstCash brands in 29 states, reported record pawn receivables in its latest earnings report. EZCORP, which operates more than 530 stores under the EZPAWN and Cashland brands, has also seen rising pawnshop inventory nationwide.
For customers like Washington, who lives on a fixed income, the pawnshop acts as a store of last resort, providing him with a way to make ends meet or give new life to his possessions. And while President Joe Biden has been trumpeting signs that the economy is rebounding, for many Americans who don’t have a bank account or retirement savings, the recovery remains elusive.