| Main Entry: | latte factor |
| Part of Speech: | n |
| Definition: | in economics, a phenomenon whereby many small purchases add up to a significant expenditure over time |
| Example: | You may have heard of the "latte factor," which states that by skipping the daily stop for a $3 coffee, you can save hundreds, even thousands of dollars, a year. |
| Etymology: | 1999; fr. book "The Automatic Millionaire" |