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Family and friends have long wondered how much they should be paying for a family pet.
But that’s about to get even more complicated thanks to an increase in the cost of pets.
More than ever, the cost to house and care for a pet is going up, with the average cost to feed and groom a pet set to jump by as much as $200 over the next five years, according to new research from PetSmart.
The cost to care for an animal can be as much or more than the purchase price.
In addition to the costs of food, water and exercise, pets can have medical and behavioral issues that require special care.
A new study by PetSmart shows that the average family household could pay as much $8,000 to $11,000 more annually than it does now, thanks to the rising cost of pet care.
The new report was released on Thursday, and will appear in the April/May issue of PetSmart magazine.
Pets are the lifeblood of families, with over 90% of Americans owning one, according the PetSmart Pet Care & Caregivers survey.
Pets play a critical role in people’s lives, from helping them find food and water, to keeping them from getting sick or injured, to helping with home and yard maintenance.
While pets can cost thousands of dollars, their cost is less than a dollar per day in most states, according PetSmart’s data.
As more pets are introduced into households, they can cost more.
According to PetSmart, the average household spend on a pet has increased by $1,400 in the last five years.
For some families, it can be difficult to choose between paying the extra $8K or buying a pet.
Pets are a great way to provide for their family and keep their home and pets in top condition, PetSmart says.
Some families also may find it more expensive to house a dog than a cat.
The average cost for a cat is $6,500, but for dogs it can run to $10,000.
For the average pet, it’s about $5,000 per year.
It’s worth noting that pets are just as important to families as children are to schools, according Pets.com.
Families who can’t afford to buy a dog, or who live in a town where pets are not permitted can still have them as pets.
Pets can be very expensive, but they are an important part of families’ lives.
PetSmart is a national leader in pet care and has been a trusted source of information and products for pets for over 60 years.
Learn more about PetSmart at www.petsmart.com