Shoe leather cost,

Definition of Shoe leather cost:

1. The cost, in time and energy, of efforts intended to counteract the effects of inflation. The term comes from the notion that people will cope with inflation by keeping less cash on hand and making more trips to the bank. In times of inflation, interest rates usually go up, so keeping as much money as possible in interest-bearing accounts can be a good strategy.

2. Used in reference to the wear on shoes through walking.