Lifetime Cost of a Pet
The financial cost of owning a pet can vary widely depending on factors such as the type of pet, its size, breed, lifespan, veterinary care, food, grooming, toys, and other expenses.
What is the Lifetime Cost of Owning a Pet?
A recent study by Synchrony revealed that the majority of pet owners consider their pets to be part of the family. While this comes as no surprise to animal lovers like us, what was surprising was that almost half of the survey participants said they’d underestimated the cost of care. Furthermore, nearly half of pet owners who responded also admitted that, while they believed they were financially prepared for unexpected expenses, in reality, they were not.
What does this mean for our clients and patients? Well, we see it as an opportunity to educate and help you prepare. The more you plan ahead, the better we’ll all be able to help your furry family member enjoy a long, happy and healthy life.
The True Cost of Care
Just how much of an investment is owning and caring for a pet? Well, according to the Synchrony study, the lifetime cost of care of a dog ranges anywhere from $20,000 to $55,000. For our feline friends, this cost averages between $15,000 and $45,000. These costs include adoption fees, food, health related expenses, treats, toys, supplies, boarding and grooming expenses, and more.
At Sunrise Veterinary Clinic, our goal is to empower our clients and provide them with the solutions they need to help support a lifetime of wellness for their four-legged family members. By knowing what to expect and being aware of the resources and tools available to you, you’ll be able to more effectively manage the costs of care throughout your pet’s lifetime.
To view the entire Lifetime of Care study by Synchrony, click here.