Discretionary spending weak again in May and signs of parents needing to work more hours

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Continued growth in public transport spending reflected more employees returning to the office and saving money by leaving the car at home. Higher childcare spending also suggests working parents are needing to work more hours to manage the increased cost of living. Recent ABS data shows the number of people holding multiple jobs edged to a record high in the March quarter.

Tightness in consumer wallets was also reflected in continued weak discretionary spending, with a…

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