Merriam-Webster.com, August 27, 2024
buying power
: the amount of money that a person or group has available to spend : purchasing power ...
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One point that tends to get lost in the minimum wage debate is the connection between a higher wage and stronger consumer buying power, according to Holly Sklar, CEO of advocacy group Business for a Fair Minimum Wage.—Lorie Konish, CNBC, 16 Aug. 2024 ...