62% Americans own pets and spend a substantial part of their earnings on them.
Here is a quick peek into the pet spendings. About 50% of the pet owners own a dog, followed by cats and fish. A small percentage of them own birds and other small and exotic animals. Today, American pet owners are spending close to $50 billion on their pets.
About 40% of the spending is on food. 50% is on vaccinations and veterinary care. The rest is for grooming. Most Americans are willing to shell up to $1000 to save the lives of their pets.