The Economic Impact of Pet Ownership

The Economic Impact of Pet Ownership
This article covers the costs and economic implications that come with the ownership of pets.
From cats and dogs, to reptiles and fish, any pets with have a significant impact on your wallet. Many
people forget the long term price of owning a pet, especially if they get the animal for free. The costs
of food, vet care, toys, etc all need to be taken into account before bringing home a new animal. Just
a simple diagnostic test, a common veterinary procedure, usually costs anywhere from $1,000 to
$5,000. It is estimated that Americans spend approximately $43.2 billion on their pets each year which
is an incredibly large amount.
The importance of this article is to highlight the economic impact of owning pets and everything
you need to consider before bringing your new animal home. It’s important to remember that every
animal is going to have a price be it a fish, a dog or a horse and the initial cost is far from the overall
price of that animal. This is definitely a good topic to cover considering Americans have become so
involved with their pets, many claiming that their animals are a part of their family and should be treated
as such. This means many Americans are paying for more expensive food, better medical care and extras
such as toys, beds and training courses. This is especially relevant to adolescents as many people are
opting to be “dog moms” rather than parents of children. Pets are becoming bigger and bigger
centerpieces in our lives as a society and therefore we have to understand and respect the money that
goes into keeping them.   
Bibliography

McWhinney, James. “The Economics Of Pet Ownership.” Investopedia, Investopedia, 9 Oct. 2018, www.investopedia.com/
articles/pf/06/peteconomics.asp.

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