US Pet Industry Booms as Americans Elevate Animals

US Pet Industry Booms as Americans Elevate Animals
A group of dogs playing outdoors. Joy Brown/Shutterstock
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Commentary

Americans are spending more money than ever on their pets, which are increasingly replacing children as members of the household. In many cities, canines seem to be taking over public spaces, from parks and sidewalks to restaurants and stores. A vast industry has arisen to cater to the needs of dogs, cats, and other animal friends, including health insurance, hip replacements, gourmet food, and high-end accessories.

Greg Isaacson
Greg Isaacson
Author
Greg Isaacson spent 7 years in China and Thailand researching and reporting on business and real estate in Asia, with a focus on commercial real estate in Chinese-speaking markets as well as outbound investment from China. He has also worked as a real estate research analyst in Chicago and a real estate reporter in New York.
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