LendEDU, a website that helps consumers learn about and compare financial products, recently surveyed 1,000 American pet owners about their pet spending. When asked to estimate how much they spend each month on their pet for monthly health care costs, such as pet insurance, food, toys and accessories, dog owners averaged $157.39. Food and health care made up the bulk of monthly spending, with pet food averaging 55% and veterinary costs, health costs and pet insurance costs averaging 24%. A whopping 20% of survey respondents said that they have gone into debt caring for their pet.
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