Recessions boosts pawn shop business
The nation’s deepening recession has boosted business at Indiana’s pawn shops as people shed possessions — particularly electronics — for cash to pay bills. Ace Pawn Shop manager Chris Banul said business is up and he’s seeing more high-end items brought to the Bloomington shop for collateral, or sold outright, as the economy has worsened.
"We’re seeing a lot of expensive video game systems, PlayStation 3s and X-Box and others, and a lot of LCDs (flat-screen televisions)," Banul said.
