A recent article in Forbes talked about the amount of money millennials plan to spend on pets this season. The reasons cited started with the pet care business growing in the last several years. According to Forbes, the changing dynamic of pets not just as an accessory to the house, but as a family member has changed spending and increased the pet industry. Pet owners spend more on their companions in terms of medical, day care and boarding, and food. The article goes on to talk about holiday shopping.
Holiday shoppers on average used to spend about $62 on pets. The projected amount this season is at $81, followed by $79 from those who are Gen-Xers. Ah, Generation-X… my crew. But it’s not just the usual shopping trips to the pet store to buy new beds, toys, a new cage, or aquarium… the new trend has extended to tech gadgets that allow us to watch our pets when we’re not home, GPS trackers on collars, and point of view tiny cameras to see what the world looks like from where they stand.
To read the complete article, check it out here.
What do you plan on buying for your pet this holiday season? Let us know!