Federal Employees Turn to Pawnshops Amid Shutdown’s Financial Pinch

new york times

Michael Mack Quoted in New York Times Article: 

Michael Mack, owner of Max Pawn in Las Vegas, said he is seeing a similar uptick in federal workers in his store. Mr. Mack said he was offering to waive the interest payments for furloughed federal workers for four-month loans.

“We’re dealing with people that are affected by cash flow problems all the time,” Mr. Mack said. “These are people that didn’t plan on it at all.”

Mr. Mack said one woman came in last month and said her family was visiting from California and that she did not have enough money for Christmas dinner. So she pawned her mother’s wedding ring.

“She was so scared to be in there,” he said. “She never expected this to happen to her.”

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