U.S. Spending on Pets Increases to $72.1 Billion

U.S. Spending on Pets Increases to $72.1 Billion

Spending on pets increased to $72.1 billion in 2018, up 8.1 percent from 2016, finds a study from Rover.com.

According to the study, 60 percent of U.S. households have a dog and 47 percent have a cat, finds a study from a Rover.com.

Rover’s study found pet parents are nearly unanimous in seeing their pets as family members, and consider their pets when making big decisions, like furniture selection to purchasing a car. 52 percent of cat people prefer to spend time with their cats versus people and 43 percent of dog people prefer to spend time with their dogs over people.

Even more evidence of our love for our pets - dog people admit talking to their pets so many times in a day that can’t keep track. Cat people say they talk to their cats 1-5 times per day. Cat people do lead on singing to their pets with 70 percent making up new songs all the time.

The majority of both cat and dog parents admit they say hello to their furchild before any other family member when they get home.

Half of Parents Financially Helping Their Adult Children Are Putting Their Retirement At Risk

Half of Parents Financially Helping Their Adult Children Are Putting Their Retirement At Risk

People Do Not Consider Their Spouses' Behavior When Saving for Retirement to Their Detriment, Study Finds

People Do Not Consider Their Spouses' Behavior When Saving for Retirement to Their Detriment, Study Finds