Recession Doesn’t Affect Our Spending On Pets-Here’s Why
My dog Ruemmele is my baby, my whole family thinks of him as our baby. Laugh if you will, but I have a majority of the nation to back me up! While the recession may make people think twice about buying some items, they aren’t drawing the line when it comes to their four-legged best friend, here’s why.
According to the American Pet Products Association, people in the U.S. will spend more than $50 billion on their animals this year, a record. Spending in the pet economy has increased every year since 2001 and only once by less than 5 percent annually in that time.
Pet ownership is at an all-time high of 72.9 million households — about two out of every three. And those in pet-related industries in Central Minnesota say they’ve seen how animal lovers have made their business strong, if not recession proof.
When the economy went bad, people started staying home more. They weren’t taking as many vacations. They weren’t gone as much. They started focusing on their home life and, for a lot of people, that includes a pet.”
For those of you who are Pet Lovers, consider your next pooches’ birthday party at Matilda’s Dog Bakery & Boutique! At the time of this blog’s publishing, they are B105’s Seize The Deal. You spend $15 and Seize the Deal will double it to $30, to spend on parties, treats, clothes and other pet related items.