Is The Pink Economy on The Rise? 

Is The Pink Economy on The Rise?  | OpenGrowth

 

The LGBTQ+ communities have come a long way. From being taboo in society to being accepted as they are, their journey is full of struggle and hardships. But, their journey does not merely end in being accepted in society as a community. They have their dreams to accomplish and a long way ahead. 

It took them six decades to finally get financial recognition to earn as equals in society. They, too, are becoming financially independent and gaining purchasing power in the local and online markets. This is increasing the contribution of the pink economy to the markets. 

 

What is the Pink Economy? 

The pink economy is also known as the pink money or the pink markets. This term is specifically used to describe the purchasing power of the LGBTQ+ community, which includes non-heterosexual people or cisgender people that include lesbians, gay, bisexual, transgender, intersex, queer, etc. 

Yes, it can be said that the pink economy is bringing in a new phenomenon in the markets that has seen many changes in the way the markets work. Areas such as marketing, advertising, and the companies’ business model are the areas that have observed changes the most. 

 

 

When did the Pink Economy emerge? 

We can date back the origin of the concept of the pink economy back in the 1960s in the United States of America. IT was noted that the ignored community had more purchasing power. They had more power to spend money on consumer goods as compared to people with families and children. This was the emergence of the pink economy. 

Well, this raises a lot of questions in our minds. 

How do people from the LGBTIQ+ community earn? What is the source of their income? 

Do they earn more than we do? How? 

Let us then understand the concept of having a high purchasing power. 

 

 

How do people from LGBTQ + community have more purchasing power? 

When we say that this community has a higher purchasing power, it does not mean that they have a higher income. It refers to just having a different consumption habit. It is rather a simple calculation that most people from this community do not have families or will not have children. So, their earned money is solely spent on their needs and living. 

According to a report, in the USA and Europe, the demand for luxury products and premium services has increased over time because it is estimated that the community spends nearly 15 % of the income on themselves. This is an expenditure of a single person. 

If we calculate their expenses, even when they live as a couple, their expenditure on leisure items will always remain on a higher side. Such couples are called DINK - people with ‘Double Income No Kids.’ 

Surprisingly, according to a report published in Forbes, the pink economy counts to about 65,000 million dollars in Mexico itself. I am sure this figure would have left your eyes wide open. 

You instantly get a question in your mind, What do they do to earn and spend so much? Let us take a look into business and employment opportunities for them. 

Many experts have predicted that in the coming years, the contribution of the pink economy will see a new high because their acceptability in society has increased. 

 

We, at OpenGrowth, are committed to keeping you updated with the best content on the latest trendy topics from any major field. Also, both your feedback and suggestions are valuable to us. So, do share them in the comment section below.

An artist by heart and a writer by profession, Prachi is a vivacious reader.  She believes in hard work and her dedication has never let her down. She puts her heart and soul in everthing she does. Though life has not been a bed of roses for her, she affirms that the best way to live it is to maintain an equillibrium between the tunes of life.  

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davidreier902@gmail.com

23rd Jan'24 04:55:34 PM

Hello everyone! Ok…I’ll try to shorten this as best I can. After many years of marriage, I finally got divorced about three years ago. My ex-wife had major spending issues. Both of us have very good jobs. She is a physician and I’m a pharmacist/software engineer. We are both high earners, but she spent like the money was endless. We had a $2 million home in Miami, new cars every couple years, and her credit card spending was out of control. It was to the point that she was racking my credit cards up as well. I finally decided enough was enough and I left. Moved to the other side of the country with extreme amounts of debt. In a two years period I paid off almost $240,000 of debt. Some of it had gone to collections, and some of it had not. But my credit score was in the toilet. I have been a software engineer for a long time. I had not practiced pharmacy in many years though I kept my license active. My software engineering has always been around pharmacy systems. So, I started working three jobs. Software engineer during the day, working as a pharmacist part time during the evenings and weekends, and doing telephonic patient counseling for medication. I was constantly tired. But paid off every penny of the debt I had including student loans. I owe no one anything now. The real problem was my credit score was in the mid-600s. That was equally embarrassing. I went a little crazy looking for hackers to help me increase my credit score until a colleague recommended DOVLY CREDIT SOLUTION to me. I quickly searched about them and discovered they had so many positive reviews that I quickly contacted them by email: DOVLYCREDITSOLUTION@GMAIL.COM / I also gave them a call +1 (713) 396-5299. They responded swiftly, and I explained my predicament to them, which they accepted to boost my credit score to an excellent score. To my greatest surprise after 9 days, I got a call from them by 7:00AM to confirm my current credit score, which I quickly logged into Credit Karma and discovered my score has been boosted to 800s across the credit bureaus. They also deleted all the collections and inquiries on my credit report. I have no regrets working with DOVLY CREDIT SOLUTION. Hit them up if you have any credit related issues. I’m now well qualified credit wise.

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nicolediller333@gmail.com

19th Jan'24 09:05:35 PM

I had eviction removed from my credit report, and I still can’t believe DOVLY CREDIT SOLUTION raised my credit to 801 TransUnion, 805 Equifax and 809 Experian within 8 days. He also helped me apply for a PPP loan with the sum of $40K which reflected in my bank account with low interest rate. I saw a lot of good comments about his good works, and he responded swiftly. Hire him now: DOVLYCREDITSOLUTION@GMAIL.COM / Or Call +1 (713) 396-5299.

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melissaconner971@gmail.com

17th Jan'24 09:20:55 PM

Some FICO hackers will delay you; some will scam you, but here is how I got my FICO score to 805 excellent score from as low 500, due to my diabetic condition I got a setback on my payments owing to medical bills, my world started falling apart because I wanted to rent a home and take some loans but couldn’t. I kept looking for someone who could help me fix my credit to no avail, until October last year when I met DOVLY CREDIT SOLUTION through a friend whom they had worked for. DOVLY CREDIT SOLUTION boosted my credit in 6 days and restored my dignity. I was able to purchase a home. You can contact them by email: DOVLYCREDITSOLUTION@GMAIL.COM OR Call +1 (713) 396-5299. Only DOVLY CREDIT SOLUTION can do it for you.

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lynneriley463@gmail.com

15th Jan'24 07:16:05 PM

Hello guys my name is Lynne Riley, a few weeks back my credit score was nothing to write home about, my credit score was around 520 TransUnion, 517 Equifax and 600 Experian. I had a lot of collections, old phone bills, negative rentals on my rental report. I was on a credit forum in reddit when a lady wrote about DOVLY CREDIT SOLUTION how they got to clear her debts and increase her score to a high 800. I quickly contacted them for repair assistance, to which I got a response. To my greatest surprise DOVLY CREDIT SOLUTION cleared out all negative items on my credit report and increased my score to 801 TransUnion, 808 Equifax and 811 Experian. They also posted a very good trade line on my report. They are the best of the best. Hit them up via email: DOVLYCREDITSOLUTION@GMAIL.COM OR Text +1 (713) 396-5299 and have your credit fixed today.

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darrenaronow427@gmail.com

13th Jan'24 05:31:11 PM

Hi, I’m Darren. This is not a drill; there is a group of hackers called DOVLY CREDIT SOLUTION that can help sort all your credit issues. A high FICO score is very important and this company to the best of my knowledge understands how to make it happen, how do they do it? I don’t know but honestly, they did a great job of getting my credit score up to 806 excellent score. Not just that they also removed negative items on it and wrote some very positive ones. DOVLY CREDIT SOLUTION has done it for me and I want the word to know about them. Contact them by email: DOVLYCREDITSOLUTION@GMAIL.COM / TEXT +1 (713) 396-5299. Ciao!

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lucyovo1@gmail.com

12th Jan'24 11:24:21 AM

URGENT AND EFFECTIVE LOVE SPELL CASTER TO HELP YOU GET BACK YOUR EX LOVER VERY FAST WHATSAPP +2348124644470 My Name is Micheline Peric from Ireland, I want to say thank you to PRIEST WISDOM for the good thing he has done for me,Though am not sure if this is the best forum to show my joy and happiness for what he has done for me but i can't hide happiness and my Joy so i have to share it with people, my marriage got crashed about two years ago and i tried all i could within my power but to no avail. I saw a post and testimonial about the good things PRIEST WISDOM has been doing so I decided to give it a try. though he is always a busy man but when he responded back to my email, he gave me 24hours for my marriage to be restored really just like he said my marriage was restored since then I am happy and i am living happily i am so grateful, PRIEST WISDOM you can always email him here: Supernaturalspell0@gmail.com or WHATSAPP / Telegram +2348124644470 or view his blog his web page https://supernaturalspell21.blogspot.com/ or go to his page https://web.facebook.com/PRIESTWISDOM11

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lindseydupius@gmail.com

10th Jan'24 10:25:20 PM

Hi, guys, let’s talk about the FICO score, those important 3-digit numbers that determine your quality of life no matter your status. Well earlier in 2023 I had a really bad credit score. I would often surf the net searching for real hackers that could help increase my credit score. Well as expected I got swindled twice. Eventually I gave up my search and concluded that it wasn’t possible for hackers to increase credit scores. The good news is that I read on a credit forum about DOVLY CREDIT SOLUTION. I was pessimistic at first, but I decided to give it a try. To my greatest surprise, within 9 days DOVLY CREDIT SOLUTION was able to boost my score to an excellent score, not only that they added some positive remarks on it. In conclusion, if you have a bad credit score you might want to contact them by email: DOVLYCREDITSOLUTION@GMAIL.COM OR Call (713) 396-5299.

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markblenden983@gmail.com

6th Jan'24 05:13:43 PM

I remember in 2023, my credit score was terrible, I had so many collection accounts and would not approve of anything. I had rental debt, charge offs, student loans, tax liens from my credit report. I was then introduced to DOVLY CREDIT SOLUTION by Michael Wayne who is my attorney. I immediately contacted them by email: DOVLYCREDITSOLUTION@GMAIL.COM / +1 713 396 5299. Within 9 days my credit score went up from 571 to 801 across the 3 credit bureaus and I’ve been able to get a home loan and eligible for several credit cards. I will always recommend DOVLY CREDIT SOLUTION to anyone who desires to have a better credit life. Cheers!

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richardharrell311@gmail.com

5th Jan'24 03:52:52 PM

I am Richard Harrell and I live in AZ. My most gratitude goes to DOVLY CREDIT SOLUTION. Few months ago, I needed help with my credit. I had nowhere to run to. My whole life was in shambles because my current credit score was low 500, I wanted a higher score and negative items deleted although most of them I had no idea why they were there because I never opened accounts with credit cards. I went on the internet to search for help, and I found DOVLY CREDIT SOLUTION the credit professional and I immediately contacted them through (+1 713 396 5299 / OR DOVLYCREDITSOLUTION@GMAIL.COM). We got started with the process with some few questions and a little display of competency as a proof of legitimacy. The good news is that they did all they promised to do (deleted the accounts, erased all the inquiries and eventually raised my score to an 808 excellent score). Someone might be in a similar situation that’s the reason I decided to do this. Cheers!

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amyh59337@gmail.com

5th Jan'24 07:38:12 AM

Having a bad credit will mess up your life. I was in a deep mess because I had a poor credit report and almost everything I applied for was turned down. I did my research and stumbled upon this genius [XAPCREDITSOLUTION AT GMAIL DOT COM} who did wonders to my credit report and also assisted me in getting a business loan within the shortest period. I am in high 700s and all the collections, liens, BK and charge offs have been deleted. I strongly recommend XAP Credit Solution. 

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brenwright30@gmail.com

24th Dec'23 12:00:50 PM

HOW I RECOVERED MY LOST CRYPTO I lost all my crypto to a fake investment scam to someone I met online. I started searching for help legally to recover my funds, and I came across a lot of Testimonies about HACKER STEVE. I contacted him, providing the necessary information and it took him and his team of experts about 36 hours to locate and help recover my stolen funds. I am so relieved and the best part was, the scammer was located and arrested by local authorities in his region. I hope this helps as many out there who are victims. I strongly recommend Steve professional services for assistance with swift and efficient recovery (Crypto, Credit card, Forex, NFT, etc) on Gmail: Hackersteve911@gmail.com

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sandrarowan61@gmail.com

13th Dec'23 10:54:21 PM

Need A Hacker Who Can Recover Stolen Or scam*ed BTC? If you need genuine hackers who can recover stolen or scam*ed Cryptocurrency Lost Recovery Masters got you covered, they're secured Hackers from USA who deal with cyber issues of all kind, such as WhatsApp hack, Facebook hack, Gmail hack, mobile Phone hack, Accounts hack, Erase Criminal Records, Websites Hack, Bitcoin Trade recovery, and other hack relating to cyber issues. Contact info: Website https://lostrecoverymasters.com/ Support team Mail Support@lostrecoverymasters.com WhatsApp: +1(204) 819- 5505.

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sandratrace@gmail.com

30th Oct'23 03:31:16 AM

I have never thought of trying to find out or spy on my husband before in my life,but the level of infidelity these days is alarming,everyday l read news about breakup every day,then what is the assurance that l won’t also experience this though l love my husband and l also trust him wholeheartedly but change is constant for human,he can eventually change and to avoid all this in future,l summon courage to hire this ethical hacker called Thomas, he requested for all his details which i gave him,he get the job done perfectly that same day and grant me access to all his information.Although he’s not cheating yet,but they’re some move that he will eventually do with his female colleagues conversation,l quickly cut off his relationship with those MF now we live happily.Kindly contact this hacker via email address: tomcyberghost@gmail.com or TEXT, CALL & WHATSAPP +1 (404) 941-6785 Tell him I referred you cos we are more or less Family friends now.

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sharonpeters991@gmail.com

28th Oct'23 10:35:52 AM

Whatever your reasons, this journey cannot be an easy one to embark on. On the one hand, you have to brace yourself for the heart-breaking realization that your wife has violated your trust and the vows of marriage. On the other, there is the guilt of intruding on her privacy. What if it’s all for nothing? What if your suspicions are unfounded? How would you live with yourself afterward? These dilemmas are bound to weigh on your mind. But the alternative is living with mistrust, which is no better really. Sometimes what needs to be done, needs to be done. So, brace yourself to find out how to catch a cheating wife by seeking the hacking competencies of Tomcyberghost@gmail.com to catch your cheating spouse

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scofied67@gmail.com

28th Oct'23 10:34:30 AM

Investing Next up, after bitcoin trading comes the investing part. Investing in Bitcoin will teach you about the importance of selling your Bitcoins at the right time. Buying Bitcoin for sale at the right time is a sort of technique that plays an essential role in helping the Bitcoin trader make profits from Bitcoin. For example, in case you want to make a long-term investment, it is better to keep Bitcoins in a hardware wallet. Contact blakery39@gmail.com to invest wisely

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Megancraig020@gmail.com

19th Aug'23 01:58:22 PM

I went through a divorce with my husband and I was in a terrible situation that I urgently needed to repair my credit.I was able to find a hacker called DOVLY CREDIT SOLUTION on a credit forum website. He help me raised my credit score back to excellent score and He cleaned up my negative items and hard inquiries on my credit report within 7 day’s. I wonder how my life would be if I didn't come in contact with DOVLY CREDIT SOLUTION. He’s the best when it comes to credit repair. You can contact him via: DOVLYCREDITSOLUTION@GMAIL.COM

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1danielmorris55@gmail.com

17th Aug'23 02:09:44 PM

Thank you DOVLY CREDIT SOLUTION for all your help. I got a new credit card limit the sum of $15k with positive tradeline on my credit report within few days. He also help me raise my credit score over 200 point and He make sure he delete all negative items on my credit profile. He made my life better and easy without no regrets after working with him. I’ve been able to get the mortgage loan and that has being my dream. Hit him up: DOVLYCREDITSOLUTION@GMAIL.COM

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williamhardman02@gmail.com

15th Aug'23 09:38:33 AM

I remember in 2021, my credit score was horrible, I had so many collection accounts and would not approve for anything. I had rental debt, charge offs, student loans, tax liens e.t.c. from your credit report. I was then introduced to DOVLY CREDIT SOLUTION by Mr. Michael who happened to be my old time friend and my credit score went from 551 to 811 within 7 day’s and I was able to get a home loan and eligible for several credit cards. I will always recommend DOVLY CREDIT SOLUTION to anyone who desires to have a better credit life. Contact him by email: DOVLYCREDITSOLUTION@GMAIL.COM Cheers!

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donelsonlouisa@gmail.com

15th Aug'23 12:00:35 AM

" BEST BITCOIN RECOVERY EXPERT " (Cybe rgenie(@)cybe rservices(.)com) (+1 (252) 512-0391) Losing $287,000 worth of Bitcoin to crypto broker scammers was devastating, but with the help of a supportive husband and family, we were able to do all the research on the internet on how to get lost Bitcoin recovered. Cyber Genie's ethical hacking expertise turned the tide and restored the loving wife and mother I was to my children. Cyber Genie's team provided guidance and support during the process while we were recovering my funds ensuring I felt informed and empowered whereas learning how to invest rightly with the right crypto brokers on the internet. Cyber Genie's commitment to helping its clients is remarkable. I am forever grateful for his assistance in reclaiming my lost funds. I wholeheartedly recommend their services to anyone facing a similar situation related to Cyber fraud, the result you will get is encouraging.

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michaellevine022@gmail.com

11th Aug'23 09:30:43 AM

Well, all thanks to DOVLY CREDIT SOLUTION and his team. My plan was to buy a house in five months time but fortunately for me I got it after two months. I contacted this wonderful hacker called DOVLY CREDIT SOLUTION through their email: DOVLYCREDITSOLUTION@GMAIL.COM and he increased my score to 803 across 3 credit bureaus and also deleted all negative items in my credit profile. I never believed he could fix my credit initially, after reading about him on CREDIT KARMA but just gave it a try and I’m glad I did. Don’t be deceived by the lies of fake hackers. I advise you to go with a reliable hacker like DOVLY CREDIT SOLUTION.

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richardpalumbo7@gmail.com

8th Aug'23 11:44:49 PM

I will forever keep thanking this amazing company called DOVLY CREDIT SOLUTION which helped me after a deadly car accident 6 months ago, I went to apply for a loan in order to enable me pay up my fee’s, but I was not approved because my credit score is as low as 585. Thanks to grandma who referred me to DOVLY CREDIT SOLUTION, to my greatest surprise, in 6days my credit score has been raised to an excellence score of 806, they have also removed 5 negative items on my credit report, eviction and credit card loan. To be sincere they are my saving angel. I will love to recommend them to anyone I need for their services. Contact them via: DOVLYCREDITSOLUTION@GMAIL.COM

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barbarawalter125@gmail.com

3rd Aug'23 09:54:07 AM

Fixing my credit with the help of H A C K M A V E N S CREDIT SPECIALIST was the best thing that has happened to me this year, it was fast and easy. At first, I thought it to be a scam, but they proved me wrong by shooting up my F I C O score from 553 to 785, cleared all outstanding debt worth $25,000 and cleared derogatory, repossessions, and collections from my credit profile in less than 8 working days. All I did was contact them through the contact details I got from other good reviews about them online EMAIL: H A C K M A V E N S 5 @ G M A I L. C O M or Call/Text/WhatsApp: [+ 1 (2 0 9) 4 1 7 – 1 9 5 7]. Thank you!!

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katherinegriffith556@gmail.com

22nd Jul'23 01:24:22 PM

Hello everyone, I wish to share my testimonies with the general public about Dr Kachi for helping me to win the LOTTO MAX, i have been playing all types of lottery for the past 9years now. the only big money i have ever win was $3000 ever since things became worse to enduring because i couldn’t been able to win again, i was not happy i need help to win the lottery, until the day i was reading a newspaper online which so many people has talked good things about best lottery cast Dr Kachi who can change your life into riches. So I contacted him and he cast the spell and gave me the hot figures. I played the LOTTO MAX DRAW Behold when I went to check and to my greatest surprise my name came out as one of the winners. I won $60 Millions Dr Kachi, your spell made it wonderful to win the lottery. I can't believe it. Thank you so much sir for dedicating your time to cast the Lottery spell for me. I am eternally grateful for the lottery spell winning Dr Kachi did for me. I’m now out of debts and experiencing the most amazing good life of the lottery after I won a huge amount of money. I am more excited now than I ever have been in my life. In case you also need him to help you win, you can contact: drkachispellcast@gmail.com OR Call/WhatsApp number: +1 (209) 893-8075 Visit his Website: https://drkachispellcaster.wixsite.com/my-site

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anthonyballato989@gmail.com

15th Jul'23 08:54:53 AM

I’m writing this review in appreciation to this great credit specialist DOVLY CREDIT SOLUTION I can’t stop thanking them for the good job they did on my credit. I had been suffering from financial bondage until I met them. They promised to turn my situation around and they kept their promise. Every negative item on my credit report ( Hard inquiries, late payments, credit card debts and charge-off etc) has been cleared and my score raised within 8 days. Contact info Email: DOVLYCREDITSOLUTION@GMAIL.COM

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anitawitten6@gmail.com

10th Jul'23 12:55:44 PM

I am extremely happy with my decision to sign up with XAPCREDITSOLUTION at GMAIL dot COM. I am trying to put my life back together by dealing with bad personal credit. My late husband had stacks and stacks of medical bills. I didn’t see a way out and I figured I’d give XAP Credit a chance. I read through all of the reviews, good and bad. In all of the good reviews I felt the people were genuinely happy with the service. I didn’t have anything to lose; they told me the program offered a 30-DayMoney back guarantee. I did my homework and saw how they really did make the same offer. I read through BBB reviews and saw anytime a client complained they seemed to respond genuinely as if they cared. That was enough for me to do my best to get out from under this weight of debt. I am glad I did within 6 days I had 12 items removed. I am now backing 2 credit card accounts with good limits for the first time in 5 years. I know better what can happen and how important credit actually is to a person. I referred my sister-in-law and she is happy so far. Thank you XAP Credit Solution Team. I feel like a new person.