Animal

How much will you pay for your pet during its lifetime? A large survey provides an estimate


Americans are pretty attached to our pets, with a furry friend present in approximately 70% of households nationwide. We want the best for them, so costs can add up. Between quality food, toys, snacks, supplies, veterinary care and babysitting or walking the dog when we’re out of town, we can find ourselves facing a variety of expenses. than we thought. According to a new survey, a large portion of pet owners are not well prepared for these costs.

Synchrony, a company that offers credit cards and insurance products to pet owners, recently released Survey on time of care. After polling 1,200 pet owners and 100 veterinarians, they learned that the cost of caring for a dog over its lifetime is between $20,000 and $55,000, while cats cost between $15,000 and $46,000. However, nearly half of pet parents say they underestimate these costs.

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Jonathan Wainberg, senior vice president and general manager at Synchrony, speak, “Millions of Americans choose to share a life with a pet, yet the true cost of ownership has historically remained extremely elusive. Our Time in Care study serves as a useful tool to prepare prospective pet parents. We want pet parents to have a deeper understanding of what to expect financially.”

The survey noted that 45% of dog owners thought they were financially prepared for their dogs, but it turned out not to be. For cat owners, that number is 38%. A quarter of respondents also said the $250 unexpected expense was a problem. Among these anxiety-inducing unexpected expenses are their pet needing surgery, emergency room visits, unplanned vet visits, or their animal being in an accident.

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Of course, if the survey is anything to go by, pet parents are willing to pay what is needed, as 70% of respondents feel that their pets are part of the family. If you’re thinking the same thing and want to make sure you have all your bases covered to cover your furry friend, the survey says this is what you can expect.

Initial expenses

If you’re planning on bringing home a new furry friend, it’s a good idea to have some expenses upfront ready. Between adoption fees, permits, microchips, and associated costs, the survey found dogs can cost between $500 and $900. For cats, it’s about $300 to $750. If your pets weren’t killed or killed when you adopted them, it’s important that you get the job done. For cats, the procedure can range from $50 to $100, but for dogs it is around $85 to $400.

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Annual cost

So, after you’re all settled with your new pet, how much should you spend on them each year? For dogs, the price is less than the estimated $1,300 but could go up to $2,800. Cats are a bit more affordable, with costs ranging from just under $1,000 to $2,500. For both animals, feed and veterinary care make up the largest portion of the budget, but snacks, toy, and Various supplies also significant. For dogs, you can add grooming. It’s important to keep all of these things in mind when you bring a new pet home.

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End of life

It’s a sad fact that our furry friends don’t live forever, as much as we might wish. We all want to make sure their transition across the Rainbow Bridge is as comfortable as possible. The survey estimates that purchasing these services can cost between $300 and $400 for both dogs and cats.

Make sure your pet has everything they need

If you find yourself struggling with any of these costs, the Humane Society There are a few tips. Check around your community to see which rescuers can provide a pet food cupboard, see if there are local veterinarians that offer discounts on pecking and care, and ask your vet to see if they can put you on a payment plan for those unwanted surgeries. You might also consider being proactive and buying pet insurance if you feel that will give you extra peace of mind.

PHOTO: ADOBE STOCK / AFRICA STUDIO



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