Thursday, September 26, 2024

Many Americans are getting priced out of owning a pet

"Many Americans are getting priced out of owning a pet. Almost a quarter of pet owners (23%) say they’ve considered going petless due to costs, and 39% say they won’t own a pet again in the future. Additionally, 12% of Americans (and 25% of Gen Zers) have surrendered a pet because they could no longer afford to care for it."

This economy is in trouble, and it is negatively impacting pet ownership and pet rescue. 

My recommendation, for pet owners and pet rescue? Get out of debt as much as possible. If you can't pay it down now, then refinance it to a lower interest rate and on better terms. Free up cash flow. In addition, improve your skills in the marketplace. For individuals, gain more knowledge about your profession and make yourself more competitive. For rescues, go to seminars and find out how to better manage your operations; treat it like a business and not just a hobby. Become more efficient and effective. 


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