Infographic: Pet Care Statistics
Climbing Cost of Vet Care Means Owners Must Plan Ahead
Read more about Low Interest Credit Cards
In an era of tight family budgets and rising veterinary bills, pet owners should plan ahead for their animals’ healthcare needs to avoid catastrophic financial and personal losses.
In the aftermath of the financial meltdown of 2008, the media was filled with stories of pet owners forced to choose between paying their mortgages and caring for pets – sometimes abandoning sick animals they could not afford to treat.
“According to the American Animal Hospital Association, while 93 percent of pet owners say they’d risk their own lives for their pets, and 64 percent would expect their pet to come to their rescue, only 55 percent have an emergency preparedness plan that includes provisions for their pet,” noted Tran.
“It’s likely that even fewer people have budgeted for emergency veterinary care, despite the fact that vet costs climbed 69.6 percent from 2001 to 2011, with the nationwide total reaching $13.41 billion in 2011.”
On the bright side, the main driver of the higher costs has been the increased availability of specialized tests, treatments and vets for the nation’s 81.7 million cats, 72.1 million dogs, 11.2 million birds and 7.3 million horses – not to mention exotics such as ferrets, hamsters, turtles, snakes and lizards. Many of the animals were once euthanized for conditions that are routinely cured today.
To better handle veterinary bills and other pet-related expenses, consider:
Ways to Pay
More on Pet Insurance
(Writing by Kelly; Graphic Design by Boris)
Follow @CreditDonkey or write to Kelly Teh at email@example.com
More Articles in Money Tips
Articles on Infographic: Pet Care Statistics
While owning a pet does require time, attention, and cash, did you know that caring for Fido also means you’re more likely to be financially sound? In fact, owning a pet has a number of positive effects related to finances.
No matter where you live, it’s nice to have a furry companion to keep you company. But that companion – whether it be a cat, dog, or rabbit – may be better off in certain places over others. For urban-dwellers, we compiled a list of the top ...
Comments about Infographic: Pet Care Statistics
Comments may be filtered for language. CreditDonkey makes no guarantee of comments' factual accuracy. These responses are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Visitors may report inappropriate content by clicking the Report abuse link.
You might also be interested in
More Articles in Financial Tips for Young Adults