In a time when U.S. families are stretching their budgets like never before, most pet lovers agree that the expenses of pet ownership are still worth the return in companionship. The 2011-2012 Pet Owners Survey conducted by the American Pet Products Association (APPA) reveals that the number of pet owning households in the U.S. has reached an all-time high of 72.9 million, up 2.1% from the previous year.
64% of U.S. households own at least one pet, with at least one dog in 46.3 million homes and at least one cat in 38.9 million homes. According to the survey, fish are next on the pet popularity list with 12.6 million households being fish owners. The number of bird, small mammal and reptile owning families were all reported at just over or under 5 million.
With 70% of dog owners and almost 60% of cat owners reporting that they see their pet as a family member or a child, it’s no wonder the American people are finding room in their budgets to cover pet medications, supplies and other pet ownership expenses.