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from CFPB: Making Ends Meet series: Changes in consumer financial status during the early months of the pandemic

Read the full article and access the Making Ends Meet survey at CFPB.gov: Beginning in March 2020, the coronavirus pandemic sent the U.S. economy into one of the sharpest recessions in recent history. Millions were laid off, either temporarily or permanently, as restrictions…

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Hunting for memories: Interest in collectibles surge during pandemic

With everyone spending more time at home due to the pandemic, interest in collectibles has increased dramatically over the last year. National Pawn and Jewelry reports a surge in the interest in collectibles.

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How the COVID pandemic — and stimulus — has affected Fall River pawnshops (gated content)

How the COVID pandemic — and stimulus — has affected Fall River pawnshops Charles Winokoor The Herald News NOTE: This is subscriber-only content, reprinted with permission to Pawnbroker Network.    FALL RIVER — Daniel Jaynes says contrary to what some people might assume, pawnbrokers haven’t been…

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How to Get Your PPP Loan Forgiven

[from the US Chamber of Commerce] Paycheck Protection Program loans have helped many companies make it through COVID-19-related disruptions. Here is what businesses need to do to get their PPP loans forgiven. This story was updated 1/8/21: The Paycheck Protection Program (PPP) will…

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How the Business of “Pawn Stars” Has Been Affected by COVID-19

Read via TV Over Mind: The COVID-19 pandemic has affected countless people all over the world. Even those who have managed to stay afloat are still dealing with the ramifications of a now struggling economy. The fact that people are gathering less…

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From Fortune.com: Women accounted for 100% of the 140,000 jobs shed by the U.S. economy in December

From Fortune.com: Women accounted for all of U.S. job losses in December, dramatically underscoring the pandemic's unrelentingly disastrous impact on working women. Actually, it's even worse than that: Technically, women accounted for more than 111% of jobs lost last month. The U.S.…

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Consumers, Flush With Stimulus Money, Shun Credit-Card Debt

Rather than rising as expected when unemployment soared amid coronavirus lockdowns, credit-card debt in the U.S. and other advanced economies has dropped. From Wall Street Journal: When unemployment soared this spring at the start of coronavirus lockdowns, credit-card debt and delinquencies were widely…

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IRS Statement — Update on Economic Impact Payments

From IRS.gov: IRS and Treasury continue to work closely with our partners in the tax and financial industry to do everything possible to get the second round of Economic Impact Payments to the American people as quickly as possible. At this point, over…

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Pawn shops see the ebb and flow of an uncertain economy attempting to rebound

From The Denver Channel: Most people know pawn shops as a place to buy and sell items of value, but they do serve another purpose for a growing number of customers? “Not everyone really understands that the core business of a pawn shop…

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From Vox: It’s easy to assume pawnshops are doing great in the pandemic. It’s also wrong.

Pawnshops are a longtime fixture in the capitalist economy — one pawnbroker told me pawning is the second-oldest industry in the world. (He asked me if I knew what the oldest was; I assured him I did.) But they remain relatively misunderstood…

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