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More people turn to pawn shops as inflation rises in Kansas City

As inflation continues to rise, people are looking for more ways to try to make ends meet. A pawn shop is seeing an increase in new customers as people try to sell their belongings to make some extra cash. Danny Russell has owned National Pawn in Kansas City, Missouri for 22 years. He said he has a steady customer base of about 3,500, but recently he’s seen more people coming into his store than he’s ever seen before. “You can tell a little bit of a difference in people struggling, you know, people borrowing a little more money and pawning more stuff,” Russell said. “We try to help as best we can, but you can only do so much.” He said many people try to pawn things that don’t necessarily have resale value, like old clothes and used tennis shoes. He said many people tell him they need money to pay for gas or to pay their rent. “You want to help them as much as you can, but you don’t want to kill yourself on the other end,” Russell said. “They have tears in their eyes, you know, and it kills you. But, you know, there’s nothing you can do.” Jerry Rhodes said he hasn’t had to pawn an item in years, but he sold a bracelet today to rent. “I need the rest of my rent money,” Rhodes said “That’s who I always come to. They always take care of me.” Rhodes said his rent recently went up, so he went to National Pawn. Russell said most sales were down, but gun and ammunition sales were up.

As inflation continues to rise, people are looking for more ways to try to make ends meet.

A pawnshop is seeing an increase in new customers as people look to sell their belongings to make a little extra cash.

Danny Russell owned National pawn in Kansas City, Missouri, for 22 years. He said he has a steady customer base of about 3,500, but recently he’s seen more people coming into his store than he’s ever seen before.

“You can tell a little bit of a difference in people struggling, you know, people borrowing a little more money and pawning more stuff,” Russell said. “We try to help as best we can, but you can only do so much.”

He said many people try to pawn things that don’t necessarily have resale value, such as old clothes and used tennis shoes. He said many people tell him they need money to pay for gas or to pay their rent.

“You want to help them as much as you can, but you don’t want to kill yourself on the other end,” Russell said. “They have tears in their eyes, you know, and it kills you. But, you know, there’s nothing you can do.”

Jerry Roads said he hasn’t had to pawn an item in years, but he sold a bracelet today to rent it out.

“I need the rest of my rent money,” Rhodes said “That’s what I always come down to. They always take care of me.”

Roads said his rent recently went up, so he went to National Pawn.

Russell said most sales are down, but gun and ammunition sales are up.

More people turn to pawn shops as inflation rises in Kansas City Source link More people turn to pawn shops as inflation rises in Kansas City

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