cross-posted from: https://piefed.social/c/economy/p/1972277/bloomberg-pawn-shop-loans-spike-as-high-gas-prices-weigh-on-americans
[Bloomberg] Pawn Shop Loans Spike as High Gas Prices Weigh on Americans
Pawn shop owners across the US say they’ve seen an increase in demand for loans in the past month or so, a sign of just how punishing higher gas prices are for some Americans.
“We’re making a lot more loans,” said Tim Cassidy, the fourth generation in his family to run Cassidy’s Jewelry & Loan in Stockton, California. “They have to have that gas, they have to get to work.”
[…]
Pawn shops can offer timely signals about consumer strain that may not be clear in official statistics, which often mask the experiences of different socioeconomic groups and are typically released with a lag.
Emphasis mine.
So many pavement prince(ss) trucks in California, I feel like in the past you would see a back swing against democrats when gas prices soared, as people often attribute poor gas prices to democrats.
When the policies of DJ are so clearly the cause, will it have a different effect this time?
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