10 Facts about Pawn Shops

  • 82 percent of pawn shop visitors have a high school diploma.
  • The average customer has an income of $29,000 and is 36.
  • Consumers’ average pawn loan increased from $80 in 2008 to $150 in 2011.
  • 85 percent of those who take out the loans still pay them back.
  • 20 percent of pawnshop customers are unemployed.
  • 33 percent of customers own their own home—77 percent rent.
  • Consumers can visit more than 10,000 different pawnshops across the nation.
  • Since the recession started in 2008, cash-for-gold transactions shot up 35 percent.
  • Pawnbrokers have reported more visits by small business owners trying to make their payroll.
  • Almost 80 percent of pawnshop customers are taking out a pawn shop loan more than two times a year.
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