The American Pet Products Association reports that Americans spent $50.96 billion (yes, that’s a “b”) on their pets in 2011, the first time that number has broken $50 billion. What did we spend it on? About 65% goes to the essentials: food and veterinary care. The biggest growth category? Services, including boarding, grooming, day care, and pet sitting, rose from $3.5 billion in 2010 to nearly $3.8 billion last year. I guess that might be one indicator that the economy is improving!
Until next time,
Good day, and good dog!