How much did YOU spend on your pet this year? Survey reveals average amount Americans forked out on cats and dogs in 2023
- A survey looked at vet bills, food, treats and luxury items spent on pets
- The researchers found that pet owners reported spending more than they expected
- Read more: Owners who spent a fortune at the vet on their dramatic pets
The bond between humans and their pets may be priceless, but a new study reveals that it's not cheap.
A pet insurance company examined how much the average American spent on their dog or cat in 2023, revealing that many pet owners spent more than expected.
The data showed that pet owners spent approx $4,800 on their furry friends.
While vet bills are the most expensiveFood and “fun elements” followed suit.
Despite the increasing costs, 86% of pet owners agreed that there is no limit to their pet's happiness and health.
A pet insurance company examined how much the average American spent on their dog or cat in 2023, revealing that many pet owners spent more than expected.
The survey was conducted by MetLife Pet Insurance, which used a sample size of 2,000 American dog and cat owners.
The company examined a year in a parent's life, looked at various factors, including finances, and found that these costs come from food, toys, clothing, sweets and health needs.
Nearly 41% of pet owners said they spent more money on their pets this year than expected, but more expect the cost will rise in 2024.
This year, pet parents spent about $633 on pet food, but even more on gifts, $645.
Pet owners also averaged nearly $600 in spending on fun items like toys ($585) and clothes ($598) this year.
The data showed that pet owners spent about $4,800 on their furry friends. While vet bills are the most expensive, food and “fun stuff” follow
These fun items were more extravagant, with the average owner spending about $176 on entertainment for their friend, such as a “big pool,” “giant cat tree,” and “birthday party with neighborhood pets, cake, and DJ.” And the piñata.
However, health needs were the most expensive, averaging $1,242 for vet visits.
“Our survey found that nearly half of pet parents (45 percent) said their pets experienced a major health event this year, but unfortunately, 82 percent of them were not financially prepared for it,” said Brian Jorgensen, CEO of Pet Insurance at MetLife. “. “The cost of this.”
Pet parents may have more to think about as the holidays approach, too, with 63% saying they usually buy their pet a gift for the holiday season – although only 54% are sure they will buy their furry friend a gift this year.
(Tags for translation) Daily Mail