purchasing power

noun
1.
Also called buying power. the ability to purchase goods and services.
2.
the value of money in terms of what it can buy at a specified time compared to what it could buy at some period established as a base: the purchasing power of the dollar.

Origin:
1815–25

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
Instead, they became hooked on credit and the ability to extract purchasing
  power from the housing bubble.
As the president's wallet grew fatter, the purchasing power of his countrymen
  plummeted.
Don't be surprised when our purchasing power eventually dwindles.
If the dollar devalues precipitously or inflation spikes, the purchasing
  power-or real value-of your savings will wither.
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