Find your company designing home additions such as pet showers and feeding stations for clients’ furry friends? Custom home building with pets in mind is just one more way Americans are spending on their companion animals to the tune of billions. Pet owners buy boutique food, toys, and more to spoil their beloved family members.
Americans love to pamper their pets — and animals rule the world now more than ever. If they're not getting subscription-only BarkBoxes full of treats and toys on a monthly basis, they're getting dropped off at doggie daycare instead of staying home while you work — and relaxing at the end of a long day at a doggie spa or hotel.
New research from Magnify Money, a Lending Tree company, found that total expenses on our furry (or feathered) friends increased a whopping 50% in five years, between 2013 and 2018. (Those numbers have a lot of bite — think going from $57.8 billion in 2013 to $87 billion to 2018).