A thriving pet industry

Pets have been part of human society for centuries, but the pet industry has exploded in recent years. In the United States, spending on pets reached $131. 6 billion in 2021 compared to $103. 6 billion in 2020. This growth is due to a number of factors, including: Increasing urbanization: People living in cities are more likely to own pets than people living in rural areas. Rising disposable income: As people have more money, they are more willing to spend it on their pets. Changing Attitudes: Pets are no longer just seen as animals; now they are considered family members. Different types of pets and their cost The most popular type of pet in the United States is the dog, followed by cats, fish and birds. The cost of owning a pet can vary depending on the type of animal, its breed and lifestyle. For example, the average annual cost of owning a dog is $1,316 , while the average annual cost of owning a cat is $627. Health benefits of pet ownership Pet ownership has been proven to ha...