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.
- How will students pay for soaring debt? Tax...
- Why the rise of smart machines could...
- Borrowers using student loans for cash, not a...
- Small companies pound pavement to get big deals
- How expensive is your ego?
- Beware: Tax season is scam season
- Dave Ramsey says: Don't waste your time,...
- Balancing act: Lunch breaks make for a tasty...
- How will students pay for soaring debt?... 72
- The disappearing 401(k) and inequality 20
- Dave Ramsey says: Don't waste your... 18
- Utah unemployment rate hits five-year low 18
- Nickel and dimed: How pennies and... 4
- Randy Shumway: China is a vital... 4
- For women, lower grades might mean more... 2
- Borrowers using student loans for cash,... 2