Tough times as more Americans are selling their things just to stay afloat

Daves-A-Pawn-Shop Dave's A Pawn Shop, located at 216 S El Paso Street in El Paso, TX, is stuffed with several unique items as seen on Tuesday, March 12, 2024. GABY VELASQUEZ/ EL PASO TIMES

Revelation 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”

Important Takeaways:

  • Pawn shops know something about the US economy that Biden doesn’t: Times are still tough
  • Clay Baron has everything in his pawn shop from gold rings and pearl necklaces to vintage cowboy boots, silver belt buckles, stereos and ticking clocks.
  • The only thing he’s short on is space. “Right now we have a glut of inventory,” Baron said, “which tells me that our clientele doesn’t necessarily have money.”
  • Accumulating pawn shop inventory means fewer buyers than sellers – a sign that for the lowest-income Americans, times remain tough.

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