Jakarta, CNBC Indonesia- Economists estimate that Indonesian people will still use up their savings to meet their daily needs, aka eating up their savings, in 2024. This cannot be separated from the impact of the Covid-19 pandemic which has caused layoffs and low minimum wage increases.
Apart from eating into savings, difficult economic conditions also encourage the phenomenon of pawning which is increasingly widespread in society.
Managing Partner of Akhmad Zaenuddin & Partners, Akhmad Zaenuddin reminded the importance of public vigilance regarding pawning, so that they don't get caught in fake pawning or auctions.
Akhmad Zaenuddin said that pawnshops that use collateral for valuables in the event of failure to pay could result in the loss of goods and harm customers.
What are the dangers of fraudulent pawning? How does the law protect customers? For complete details, see Shinta Zahara's dialogue with the Executive Director of the Indonesian Credit Card Association (AKKI), Steve Marta. Shinta Zahara with Managing Partner Akhmad Zaenuddin & Partners, Akhmad Zaenuddin at Power Lunch,CNBCIndonesia (Thursday, 04/01/2024)