We Love Our Pets

posted April 18th, 2011 by
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by Kristi Eaton

 More Americans own pets and are spending money on them than ever before, according to a new survey.

The number of U.S. households with a pet rose 2.1 percent this year to an all-time high of 72.9 million, according to the American Pet Products Association’s 2011-2012 National Pet Owners Survey. The survey shows there are more than 78 million dogs, 86.4 million cats, 151.1 million freshwater fish, 8.61 million saltwater fish, 16.2 million birds, 16 million small animals, 13 million reptiles and 7.9 million equines owned in the U.S. 

Not only are more Americans owning a pet, they are investing more money in them.

The survey predicts that pet owners are expected to spend $12.2 billion for veterinary care this year, up from $11 billion last year and $8.2 billion five years ago.

Most survey responders say the economy did not affect their decision to own a pet.

“Although the economy has been a major factor for many industries, the pet industry continues to see unprecedented growth and diversity. The survey reveals pet owners are willing to spend money on their pets despite a downturn in the economy,” says Bob Vetere, president of APPA, in a news release. “More products and services are available than ever to assist in responsibly caring for a pet, so it is becoming increasingly easier to add another pet to your household.”

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