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Toss says people in their 40s led May spending as outlays for children and parents rose

Consumers in their 40s led spending during May’s family month, as outlays related to children and parents rose at the same time, Toss said. Viva Republica, which operates Toss, compared card payment data from May 1 to 18 with the same period a month earlier and found a sharp rise in spending tied to family leisure activities. Activity-sector transactions rose 33 percent, and jumped 68 percent during May 1 to 11.