Despite economic woes, Fido remains big part of dog owners' budget
WHITING, Ind. — The wavering economy hasn't influenced spending on man's best friend, according to a new survey conducted by coupon website CouponCabin.com.
According to the survey, which conducted by Harris Interactive between Aug. 16 to 18 and polled 2,212 U.S. adults ages 18 years and older, nearly 7-out-of-10 American adult dog owners (68%) said that their four-legged friends are still a large part of their budgets. What's more, the survey found that more than 1-in-5 dog owners (21%) spend on average $100 or more per month on their dogs, adding up to at least $1,200 or more per year. An additional 13% said they spend $50 to $99 each month.
When it comes to what is the most expensive aspect about dog ownership, more than half (57%) said veterinary appointments was the priciest aspect about owning a dog, followed by food and treats (16%), prescriptions and medications (15%) and boarding (6%).
"The pet care industry has remained resilient during the past few years, but it's still important for consumers to budget for their dog's needs," CouponCabin.com president and chief savings officer Jackie Warrick said. "Pets are often considered a family member, and just as you save money and budget for your family, you should do the same for your dog. Plan ahead to make sure you have money put away for emergencies. In addition, be proactive and save on your dog care expenses by using coupons, buying generic brands and asking friends and family to walk or watch them."