It’s No Surprise That Pet Owners Spend This Much Each Month on Pets

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In recent years, the pet industry has turned into a thriving business. According to the Federal Reserve Bank of St. Louis’ statistics on “Personal consumption expenditures: Pets, pet products and related services,” American spending for pets and pet products or services exceeded $99 billion in 2016, and this number is still growing.


Many credit the increase in spending to the shift in attitude toward pets that has happened over the years. In his Forbes’ article, “How Generational Change Boosts the Roaring Pet Market,” Neil Howe reports that “Young Boomers began the trend of humanizing pets—making them ‘part of the family.’ They later changed the narrative from pet ‘ownership’ to pet ‘companionship’ and redefined civil rights to include animal rights.”

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