The Cost of Owning a Pet

PETON OMICS The Cost of Owning a Pet Pet owners spend billions of dollars on their pets every year Here's a breakdown of how the money is spent U.S. pet expenditure was 3 times greater than the entire Gross Domestic Product of Iceland in 2012 $53.4 Billion Pet Expenditure $13 Billion Gross Domestrc Product PET COST BREAKDOWN How that $53.4 Billion was spent Food $20 Billion Vet $14 Billion Medications $13 Billion Grooming $4 Billion Adoption $2 Billion Pet Insurance $400 Million 72% 73% of pet expenditures were made by people with no kids at home spending increase on pets over the last decade CAT vs. DOG Which popular pets' average annual costs are higher? $382 Surgical Vet $621 Visits $193 Routine Vet $231 Visits $203 Food $239 $337 Boarding $327 $20 Grooming $61 $23 Toys $41 $1,158 Total $1,520 PET TRAVEL INDUSTRY 51% Percentage of pet 500 Number of pets that travel on major owners who travel with their pets airlines each day $150 Extra airline revenue made from each pet on every flight $27 million Estimated annual airline revenue from pet travel MONTHLY COST OF PET INSURANCE BY: PE Veterinary VPI Pet Insurance a Nationwide Insurance" company Canine Feline Avian Exotic Reptile $38.58 $27.58 $15.75 $9 $8 References 'http://www.statisticbrain.com/pet-ownership-statistics/ 2http://www.statisticbrain.com/countries-ranked-by-purchasing-power-parity/ ahttp://www.bls.gov/opub/btn/volume-2/spending-on-pets.htm http://www.americanpetproducts.org/press_industrytrends.asp "http://www.marketwatch.com/story/pack-mentality-more-people-than-ever-are-traveling -with-pets-1339515016100 Shttp://www.americanpetproducts.org/press_industrytrends.asp 6http://www.petinsurance.com According to Veterinary Pet Insurance (VPI) claims data Nationwide Bank