Rising Costs of US Pet Services Could Dampen Adoptions by Retirees

Pet owners are growing more concerned about the affordability and access to pet services and veterinary care, according to the APPA.

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Americans love their pets. More than 94 million households currently own one, according to a recent study by the American Pet Products Association, which also noted growing concerns about affordability.

The APPA projected total pet spending in the United States to exceed $157 billion by the end of this year. This includes $67.8 billion for pet food, $41.4 billion for veterinary care, $34.3 billion for supplies, and $13.5 billion for other services such as grooming and pet sitting.