US News
Published
March 31, 2024, 3:34 a.m. ET
As the US economy continues to falter under President Biden’s tenure, pawnshops nationwide are seeing an uptick in customers seeking to pawn rather than redeem their items, former “Hardcore Pawn” star and Detroit pawnbroker Les Gold told Fox News.
Gold, who starred in the hit TruTV series between 2010 and 2015 along with his adult children and fellow pawnbrokers Ashley and Seth at American Jewelry and Loan, said pawnbrokers are “street-level economists” who are able to foretell economic conditions improving or worsening before the media does.
“I see it each and every day,” he said, noting the two customer lines a pawnshop typically has — a “redeem” and a “pawn” line.
“Right now, the pawn line is probably twice as long as the…
