Meaning of “the grey pound” in the English Dictionary

british dictionary

"the grey pound" in Business English

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the grey poundnoun [ S ]

uk us UK US the gray dollar ECONOMICS, MARKETING

the money that older people as a group have available to spend in an economy :

Planning authorities have to take into account the increasing economic importance of the grey pound.

(Definition of “the grey pound” from the Cambridge Business English Dictionary © Cambridge University Press)