If you’re considering pet ownership, whether for yourself or for your grandkids, it helps to be aware of all the costs associated with owning a pet. To help potential pet owners understand the financial responsibilities of owning a dog or cat, Rover has released its fifth iteration of the True Cost of Pet Parenthood. The report sheds insight into just how expensive it is to raise a pet, especially now that inflation has increased prices on many essentials.
In fact, Rover found that pet inflation is even outpacing other categories — 58% of pet parents say the cost of pet specific goods and services has increased more than the cost of other frequently purchased items. Those elevated costs will take a bite out of your budget. 30% of pet parents claimed they reduced spending in other areas of their life to make sure they can afford the items and services their pet needs.
