Costs To Own The Most Popular Pets

AAA

It's estimated that 62% of U.S. households own a pet. That's 72.9 million homes with more than $50 billion spent on their pets in 2011. Of that $50 billion, $20.5 billion was spent on food, $12.6 billion on medicine and $13.6 billion on vet care. Other expenses include the purchase of the animal and services like grooming and boarding. Different types of pets vary in terms of their maintenance costs.
  1. No results found.
Related Articles
  1. Investing

    3 Reasons Why Pet Stocks Could Be Recession-Proof

    Consumers are spending increasingly more on their animals, regardless of how the economy is doing.
  2. Insurance

    Is Pet Insurance Worth The Price?

    Should you insure your pet? Here's how pet insurance works and how to decide if it's worth buying this coverage.
  3. Investing

    Citi Sees ‘Premiumization’ in Pet Food Category

    Report says ‘humanization’ of household pets Is good news for these companies.
  4. Investing

    Pet Stocks To Invest In

    Even during a downturn people can't help but spoil their pets.
  5. Investing

    General Mills Buys Blue Buffalo Pet Prods. for $8B

    The packaged foods industry giant sees pet food sales reaching $20 billion in 2017.
  6. Managing Wealth

    5 (Mostly) Costly Exotic Pets You Can Legally Own

    Exotic pets can be fascinating to look at, but most are expensive to acquire and maintain. And avoid being bitten, especially if you get a scorpion.
  7. Insurance

    5 Types Of Insurance You Can (And Should) Afford

    With insurance and warranties being offered on seemingly everything, it's hard to know what policies are worth your money. Learn about five affordable insurance policies that are worth considering.
  8. Insurance

    Unique Insurance Policies You Should Consider

    You may have basic insurance plans for your car and your home, but check out these unusual – but still practical options.
  9. Small Business

    7 Products Under $5 That Made Millions

    Some of the most successful inventions were created by accident. Many of these products were never meant to see public distribution, but ended up becoming extremely popular.
  10. Trading

    5 Billionaires With Multimillion-Dollar Pet Projects

    Money makes many things possible, and these billionaires are putting that theory to the test.
Trading Center