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Are you a pet owner? If you are, you've probably helped spend part of an estimated $45.4 billion in the U.S.'s pet expenditures this year. According to the American Pet Products Manufactures Association (APPMA), 37% of U.S. households own a dog and 33% own a cat, adding up to over 74.8 million dogs and 88.3 million cats owned in this country.
Other animals seem to be less common – 3.9% own birds, while just 1.8% own horses. Fish are by far the most commonly owned exotic animal – found in 9,036,000 households! You can see the full breakdown at the American Veterinary Medical Association's (AVMA) website.
How much does it cost to care for a pet? Food, toys, and shelter vary depending on where you live and the level of care your particular animal needs. According to the APPMA, most of a pet owner's budget is devoted to food; U.S. pet owners spent an estimated $17.4 billion on animal food in 2009. The least amount of money was allocated to pet services (like grooming and boarding) and live animal purchases at $3.4 and $2.2 billion, respectively.
Routine veterinary care is pretty standard across the board per animal, barring illness or injury. What's the most "expensive" animal in terms of vet bills? You may be surprised. I certainly was!
(Data provided by AVMA's website):
Vet expenditures: per household/year
- Horses: $360
- Dogs: $356
- Cats: $190
- Birds: $25
Vet expenditures: per animal (mean)
- Dogs: $200
- Horses: $92
- Cats: $81
- Birds: $9
According to the APPMA, $13.4 million was spent on reptiles in 2007. In the same year, $16 million was spent on birds, $88.3 million on cats, $74.8 million on dogs, and $142 million on freshwater fish ($9.6 million for their saltwater cousins). I would never have guessed people spent so much on fish!
People are also buying high-tech gadgets to help take care of pets. Some items include digital aquarium maintenance, automated feeders, "smart" toys, and computerized ID tags.
Do you own a pet? Does your pet account for a large portion of your budget? What high-tech toys (for the pet's playtime or your ease of use) do you have?
Resources:
http://www.americanpetproducts.org/press_industrytrends.asp
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