Most people think that when the economy is bad, crime goes up and Bail Bondsmen really rake in the dough. That is not necessarily true. While some states may have seen an increase in crime, not all states have seen that sort of increase. Bail bond companies sell a product like other merchants, and when the economy is down, it affects their business as well. While people are struggling to pay their house payments and don’t have the money to pay their bills, they most likely cannot afford a bail bond either. So, yes, it does affect the bail bond companies just like any other business. Do you want to learn more? Visit Connecticut Bail Bonds Group.
Is there really a rise in crime rates? It depends on where you live. In Connecticut, Attorney General Richard Blumenthal mentioned that, “our worst economic times seem to be bringing out the worst in many of our people.” He said there was an increase in armed robberies, shoplifting, and state fraud.
However, In California the opposite affect seems to be happening. The Los Angeles Times reported that for the sixth year in a row, crime rates are falling in Southern California and Los Angeles area.
In other areas, our economic situation is helping to solve crimes. In Nashville it was reported that there was a 53% increase in tips given to the Nashville Crime Stoppers Group. A motivator for many people is the reward money. Metro detective Jim Lambert said, “I even had one caller call in and say, ‘You know, normally I’m not a snitch, but I need the money.”
Are Good People Going Bad?
Due to layoffs and home foreclosures, some people are concerned that it is turning honest people into criminals. However, there is not much evidence to support that.
In Providence, RI there has been an increase in calls to the Fire Department, but most often this is not for fires. It’s from thieves breaking into houses that are vacant and stealing copper plumbing, which is causing flooding. The home foreclosures have impacted nearly 40% of law enforcement agencies, either through a loss in tax revenue, or an increase in crime relating to vacant houses.