kottke.org posts about Wendy Woloson

A brief history of the American pawn shopFeb 13 2012

Wendy Woloson on pawn shops, which are currently getting the reality TV treatment.

According to the National Pawnbrokers Association, a trade group, there are now more than 30 million pawnshop customers per year. The value of the average loan in 2009 was $100, up 20 percent from the previous year. About 80 percent of pawners pay off their loans and redeem their collateral, though redemptions are on the decline.

(via ★whitneymcn)

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