Study shows rising pet food, veterinary costs top challenges to pet ownership
A new survey highlights that rising costs of pet food and veterinary services are the top challenges facing U.S. pet owners in 2025. Forty-two percent of pet owners cite pet food prices as a major concern, while 39% point to veterinary expenses. Spending on pet care has sharply increased across all income levels, with inflation and economic pressures expected to further strain pet ownership stability, particularly for dog owners.
Are Vets Feeling the Pinch? What Pet Spending Data Really Shows
As the U.S. continues to be a nation of animal lovers, new insights from Bank of America and the American Pet Products Association (APPA) shed light on how pet ownership and spending habits are evolving in 2025. With nearly 94 million households owning at least one pet, dogs remain the most popular companion, followed closely by cats, fish, birds, and other animals.