The Pink Pound is a term that has been coined to represent the spending power of the LGBTQ+ community. It refers to the estimated £70 billion that LGBTQ+ consumers contribute to the global economy annually. Although this term is synonymous with the power of the lesbian, gay, bisexual, transgender, and queer communities, there are other terms used to represent the purchasing power of these communities. These terms include the Rainbow Dollar and the Lavender Economy. Regardless of which term is used, the message is clear - the LGBTQ+ community is a powerful economic force, and businesses that embrace diversity and inclusivity have the potential to tap into this lucrative market.