According to the American Pet Products Association, Americans will shell out more than $50 billion on their pets this year. That’s a whole lot of kibble.
Pet giant manager, Jim Doyle says while spending has increased at his store, there are a few items pet owners are cutting back on.
“Not as many toys,” said Doyle. “They are buying the necessities; you know the premium foods for their loved ones. It keeps them healthier, less vet bills.”
Pet spending is not the only thing on the up–and–up. Pet ownerships is also at an all–time high. 72.9 million households around the nation currently have pets.