Caring for cats (three of them!) takes quite the bite out of my income, but I feel it’s important to feed them high-quality pet food and ensure they have annual veterinary exams and preventative vaccinations. Plus, they really like their treats and toys—and I love to indulge them. Out of curiosity, I decided to add up what I spent on my girls in 2012. The total for food/treats, kitty litter, toys and vet care came to just about $1500.
Apparently, I’m not alone when it comes to significant pet spending. According to the American Pet Products Association (APPA), Americans shelled out a whopping $53.33 billion dollars on their pets last year. That’s an increase of 4.7 percent over 2011’s pet-related expenditures.
Collectively, we spent $20.64 billion on pet food, $12.65 billion on supplies and over the counter pet medications, $13.67 billion on veterinary care, $2.21 billion on live animal purchases, and $4.16 billion on other services. The APPA predicts spending on these categories will total more than $55.5 billion in 2013.
Among the reasons for the predicted growth are increasing pet ownership numbers. Recent data collected by the APPA shows that pet ownership in the US is at an all-time high with 68 percent of households—a total of 82.5 million—owning pets in 2012.
According to the APPA, 56.7 million households own 83.3 million dogs, while 45.3 million families cohabitate with 95.6 million cats.
How much did you spend on your pets last year? Let us know in the comments!