Dogs and cats: Cute but costly

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March 26, 2018 - 11:00 PM

Almost 85 million households in the United States in 2017 share their lives with at least one pet. For many people, pets are not just companions — more than 63 percent of pet owners consider their pet to be part of the family. While dogs and cats may dominate — reptiles, birds, and fish are also common pets.

Regardless of the type of pet, the average American spends approximately $500 per year on pets — more than they spend on toys, hobbies, and footwear. Specialty items for pets are growing at an increasing rate. In addition to the basic costs of pets, other pet-related expenses…

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