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Woof! U.S. pet spending passes $100B, now outpacing booze, clothes and books

The number of U.S. households that host a furry, scaly or feathery family member has been on a steady rise since the 1980s but the amount of money pet owners are spending to keep Mittens, Rover and/or Polly in good stead has skyrocketed and is now north of $100 billion every year. A new report from the U.S. Bureau of Labor Statistics finds pet-related expenses are making up a growing percentage of consumers’ budgets, rising from $57.8 billion in 2013 to $102.8 billion in 2021, a nearly 78% increase. The level of pet-related spending in 2021 easily outpaces what U.S. consumers shelled out for recreational reading materials, $15.2 billion; alcoholic beverages, $73.8 billion; and women’s clothing, $87.9 billion, according to the “Beyond the Numbers” report from Kristen Thiel, senior economist for the Bureau of Labor Statistics. ....

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