Why do Navajos use pawn shops?
Traditionally people have not trusted banks and they were not used. Extra money is often invested in jewelry and wool blankets, or in equipment such as chain saws, vehicles, livestock and firearms. Saving accounts are uncommon. In emergencies, belongings are put up for pawn to raise money. Sometimes, items may be hocked because they are more secure in the trader’s safe than they would be in the home.
