With tens of millions of people filing for unemployment since the outbreak of COVID-19, pawn shops have seen a modest uptick in business, becoming essential to some communities.
The Great Recession has seen a sharp rise in the number of pawn shops in the U.S. There's also been a change of image as better-off people increasingly turn to the institutions to pawn luxury items.
There are countless resources for those of us who want to be better money managers. But comedian and commentator Tim Bedore says the pawn shop is also a good place to go to learn some important lessons about personal finance.
