Usually means: Spending power of older consumers.
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We found 7 dictionaries that define the word grey pound:

General (6 matching dictionaries)
  1. the grey pound: Cambridge Advanced Learner's Dictionary
  2. grey pound: Wiktionary
  3. Grey pound: Wikipedia, the Free Encyclopedia
  4. grey pound: Longman Dictionary of Contemporary English

Slang (1 matching dictionary)
  1. grey pound: Urban Dictionary

Definitions from Wiktionary (grey pound)

noun:  (British) the purchasing power of or the business generated by elderly people

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