What Does Your Pet Say About You and Your Finances? [INFOGRAPHIC]

If you’re like me, your dog is one of your best buds.

This infographic takes a fun look at pet owners in the US, sharing some interesting facts. Pets, while loveable, can be quite costly.

Did you know…

  • Americans spend $55 billion on pets annually.
  • A new pet costs a household about $1,000 – $2,000 in the first year.
  • Men typically spend an average of 30% more on their pets than women.
  • A medium size dog has a total cost of $6,445 – $12,005.
  • If you’re looking for a pet that won’t break the bank, a fresh water fish is likely your best bet.
  • Over its lifetime, it will cost somewhere around $270 – $900.
  • Being a pet owner could mean you get a tax break if you donate to adoption agencies or own a service dog.
  • Owners of snakes and other reptiles report among the highest salaries of pet owners, earning 6-figures.

A smart consumer and responsible pet owner should always know what he or she is getting into before getting a new furry (or slimy) addition. This will help make sure before you come home with your new friend, you’re ready for all that comes with being a pet owner so your finances or credit don’t take a hit.

[Click infographic to view full size]

Experian Blog

Experian is the leading global information services company, providing data and analytical tools to clients in more than 90 countries. This news blog provides our perspective on issues and trends affecting our businesses and our constituents in North America, while occasionally touching on Experian global news. Learn more.

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