Scott G Winterton, Deseret News
Adding new meaning to the phrase “fat cats,” Americans spent an estimated $52.87 billion on pets in 2012, more than triple the amount expended 18 years ago, according to the American Pet Products Association.
Nearly two out of three U.S. households own a pet. Four in 10 have a dog, and one in three have a cat. Felines exceed canines in sheer numbers, however: 86 million (two per cat owner) to 78 million.
They’re both well behind freshwater fish, of which there are 151 million, or 11 per owner.
The lion’s share of pet expenditures goes to food — $20 billion. That’s the same amount it would take to end homelessness in America, according Mark Johnston, acting assistant housing secretary for community planning and development. It’s also the amount of food wasted each year in the U.K.
What else do Americans spend $53 billion on? Nuclear weapons, according to a 2009 study by the Carnegie Endowment for International Peace. Black Friday shopping (in 2011), per the National Retail Federation.
As reported by CNN, deadbeat parents cost the country $53 billion.
- What it takes to be middle class in each state
- Joseph Cramer, M.D.: A different view of the...
- How much money should you be saving from each...
- Happiness research inspired one business...
- She paid for a family's groceries and got...
- Renovation Solutions: Three renovation...
- Gambling is losing its appeal in Las Vegas
- Are you ready to start using a digital wallet?
- Happiness research inspired one... 13
- Heavy reliance on US not sustainable,... 7
- She paid for a family's groceries and... 6
- Why do only half of Americans invest in... 5
- Did you file your taxes jointly or... 4
- Are you ready to start using a digital... 3
- Gambling is losing its appeal in Las Vegas 2
- Balancing act: Better balance is top... 2