What does pink pound mean?
Definitions for pink pound
pink pound
This dictionary definitions page includes all the possible meanings, example usage and translations of the word pink pound.
Wiktionary
pink poundnoun
The business generated by providing goods and services to the homosexual community.
Wikipedia
pink pound
Pink money describes the purchasing power of the LGBT community, often especially with respect to political donations. With the rise of the gay rights movement, pink money has gone from being a fringe or marginalized market to a thriving industry in many parts of the Western world such as the United States and United Kingdom. Many businesses now specifically cater to gay customers, including nightclubs, shops, restaurants, and even taxicabs; the demand for these services stems from common discrimination by traditional businesses. In 2019, LGBT adults globally held a combined buying power of approximately $3.7 trillion.The economic power of pink money has been seen as a positive force for the gay community, creating a kind of "financial self-identification" which helps gay and lesbian individuals feel like part of a community which values them. Indeed, upwards of 90% of gay people support businesses which target pink money, while actively boycotting anti-gay companies. However, criticism has been leveled at businesses which target pink money from gay groups, arguing that this segregates the gay and lesbian community from society, and holds back gay rights.It's been considered more often than not a market exclusive for the US, UK and some places in Europe, but its extension covers a large amount of Latin America and part of Asia, making its actual earns larger by year and giving marketing options some impulse and variety.
Numerology
Chaldean Numerology
The numerical value of pink pound in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of pink pound in Pythagorean Numerology is: 3
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"pink pound." Definitions.net. STANDS4 LLC, 2024. Web. 3 May 2024. <https://www.definitions.net/definition/pink+pound>.
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