According to a new survey by OnePoll in partnership with MetLife, 40 percent of pet parents believe that having a pet is just as expensive than raising a child, if not more. The findings show that the average pet owner spends over $4,500 on their pet’s basic needs each year.
Sixty-one percent of owners said that owning a pet is more expensive than they initially thought. Medical costs were one of the biggest culprits. Sixty-two percent are concerned about their pet developing illnesses because they may not be able afford the costs of care.
Source: Pet Business, November 24, 2021. Link.
Also see: Sponsored Content
“Cost of Care” resources from ASPCA® Pet Health Insurance, Animal Health Digest, October 12, 2021. Link. ASPCA® Pet Health Insurance’s “Cost of Care Wheel” tool makes it quick and easy to help pet owners understand and prepare for their pets’ future health care needs, and how to pay for them.
ASPCA® Pet Health Insurance is a supporting sponsor of Animal Health Digest
