How America’s Love Of Cats And Dogs Became A $72 Billion Business

Cute puppies. Kittens. Instagram dogs. Pet supplements, a smart cat litter box and specialty veterinary practices. Americans are spending more and more on their pets. U.S. pet spending hit $72 billion in 2018, an increase of more than $3 billion from last year. And with pet ownership on the rise, the industry could grow into an even bigger business. Here’s how Americans’ love for pets turned into big business.


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How America’s Love Of Cats And Dogs Turned Into A $72 Billion Business

[lns]

When Dogs and Cats live a better life than majority of humans on Earth...

[knnaveen]

Increased social loneliness also proppelled adoption of pets.

[keybraker]

As people don't give birth to children, they get pets instead.

[Luigi-mdbd]

Me: Gets Sick Doesn’t go to the doctor because I’m stubborn.
Also Me: My Pet gets 🚑 GET ME THE VET ON THE PHONE

[kariuki]

Here’s why American’s love of X has become big business “

If that ain’t the most American thing I’ve heard all day

[pedromolina]

I’m a dog walker in NYC. I call myself Hot Paws Pet Care. I’ve seen the boom on pets these past few years on pets and seeing my clients, the reason their getting pets is cause of loneliness and love.

[bluejedi]

the older I get, the more I realize why the grinch wanted to live alone with his dog.

[nilmargonzalez]

There is so much hate in these comments about pet owners “wasting” money on pets when they should be contributing to charity. Newsflash: people can do whatever they want with their hard earned money. If that’s charity, great. If not, that’s also great. The US “wastes” a lot of money on other luxuries such as alcohol, junk food, entertainment, etc. anyway. So with that same mentality, next time you’re watching a football game with wings and beer just donate that money to charity instead 🙄🙄🙄

[dgfpat]

If you want a pet please adopt. Do not buy, you will save a life.

[garlicgirl]

It is sad to me how I have witnessed people treat animals better then human beings. I am saying this as an animal lover who has had pets before. I think the industry is just capitalizing on it as said in the video. Making money...sigh...It is also a shame how I see people treat animals! If one does not wish to be totally responsible please do not get an animal. They do not deserve such anguish.

[kenyup]

I had a dog, but he had gone last year, he was 15 years old, the last weeks of his life he didn’t eat too much, the last night he gone, he just barked constantly and I still had no idea, and the next day before I went to work, he just watched me calmly and I still had no idea that he’s dying, when I got back home, he just laid down in his house and passed away

[jjguerreronz]

I Know somebody that doesn't have health insurance but pays one for the dog

[Mhadyourfriend]

CNBC, you are killing it on youtube with these videos
Great job 👍🏻✅

[cesarinho]

they live way better than the kids in my country guatemala 🤣🤣🤣🤣

[colt]

Leave it to Americans to turn owning a pet to become big business 🤣

[dhonaincalifornia]

Im spending around 160-200 dollar a month just for food (40-50 a week) for my 5 rescue stray cats at home, just bought $ 250 cat cave last weeks, 5 pet beds for nothing coz they like cat cave better, 5 blankets and more stuff for them..and in return they give me so much joy

[tesoro]

Wow the pet industry is more lucrative than lots of countries’ GDP .

[paulmolina]

Health insurance for my dog has been the best decision i have made for our family. That piece of mind that we get knowing that if anything happens, we can take care of him.

[missl]

Kids aren’t for everyone. I hate people who say “they aren’t the same.” Not everyone makes a great parent. For some, having a pet is better than raising a child and spending your whole life with that child.

[IReapZz]

And this video doesn’t even talk about pet care like dog walking, boarding, etc. some people spend more than what all the pet parents they showed on just this on a monthly basis. Most dogs need to go potty every 6ish hours and most people spend at work for longer than 6 hours