In 2015, 65% of households in the US owned at least one pet. That’s exactly how many we own.
Our little Jasmine is a “not-so” mini-schnauzer with a personality that can go from neurotic to playful to lovable. She loves a “puppaccino” from Starbucks from time-to-time. She fits right in with our family!
A study by the Human Animal Bond Research Initiative Foundation (HABRI) found that “People are happier and healthier in the presence of animals. Scientifically-documented benefits…include decreased blood pressure, reduced anxiety, and enhanced feeling of well-being.”
Why else would we put up with their bad breath, barking, and other socially awkward behaviors? We love our dogs. Dogs are more likely to be considered part of the family than most other pets. You’ll see them in family pictures. I’ll even admit that we buy our dog a Christmas gift to open. Don’t judge!
Americans obviously love their cats, birds, and fish too. According to the American Pet Products Association (APPA) here is what we spent on our pets in 2015:
- Pet food: $23.05 billion
- Supplies and OTC medicine: $14.28 billion
- Vet Care: $15.42 billion
- Live animal purchases: $2.12 billion
- Grooming and boarding: $5.41 billion
That’s $60.28 billion if you do the math. With all of the money we invest in our pets, it might make sense to consider having a health insurance policy for them. Less than 1% of American dogs and cats are currently insured. Plans start at about $200 per year. If you have ever taken your pet to the vet for an emergency, you know that it can be quite expensive.
Obviously we should be taking care of our “human” family. But for those who have a lot invested in their furry family members and can afford it, pet health insurance is something you don’t have to be embarrassed to buy.
The information contained in this page is provided for general informational purposes only. The information is not meant as professional or expert advice, and any reliance you place on such information is therefore strictly at your own risk.