Episode 210
Morning 6-Pack - Why Owning a Pet Might Make You Broke!
Pet ownership is getting pricier than a fancy coffee habit, and we're diving into those shocking stats today! On average, we’re shelling out a whopping $4,272 a year per pet—yikes! That's over $50k for a cat or dog’s lifetime—before any wild shenanigans like eating your favorite shoes. We’re talking about a whopping 43% jump in vet costs, and it's so bad that nearly half of Gen Z is thinking about skipping the pet life entirely. Sad face! But don’t worry, I’ve got the top six reasons why our furry buddies are totally worth the dough—even if they do cost us some serious cheddar! Get ready to laugh and maybe shed a tear (of joy) as we chat about our lovable, expensive pals! 🐶💸
Takeaways:
- Owning a pet can cost you a whopping $4,272 a year, so save those pennies!
- With the average lifespan of a pet being 12 years, that's over $50,000 for a dog or cat, yikes!
- 37% of pet owners are in debt because of their furry friends, talk about a pup-tastrophe!
- Gen Z is considering a pet-less lifestyle due to high costs, but we say love conquers all!
- Veterinary costs have jumped 43% in five years, making it a real challenge for pet parents!
- Our dogs are worth going into debt for, they take the blame for our farts, and that’s priceless!
Transcript
There is a new study that finds that owning a pet is getting seriously expensive.
Speaker A:On average, we spend $4,272 a year for each pet.
Speaker A:Now this is a dog or a cat.
Speaker A:The typical lifespan, the average lifespan, looking at all dogs and cats, about 12 years.
Speaker A:So you're looking at this point at a little over $50,000 for the lifetime of one dog or one cat.
Speaker A:And that's before anything goes wrong.
Speaker A:That's assuming everything goes okay.
Speaker A:When they eat your entire sock, they eat your entire purse too.
Speaker A:Because veterinary costs have jumped 43% in just the last five years.
Speaker A:It has gotten so bad that 37% of pet owners are in debt because they're animals.
Speaker A:And the youngest generations are of course hit the hardest.
Speaker A:Gen z, nearly half, 46% say they are considering a pet less lifestyle due to the high cost of owning a pet.
Speaker A:That's absolutely sad.
Speaker A:It's pathetic.
Speaker A:I hate it.
Speaker A:We've got to do something about the high cost of veterinary medicine.
Speaker A:It's absolutely ridiculous.
Speaker A:But as a lifelong dog lover, I'm a dog guy.
Speaker A:I've got three of them, including one that's about to be 16 years old.
Speaker A:I can think of at least six reasons why our dogs are completely worth it.
Speaker A:Alright, here we go.
Speaker A:Let's take a.
Speaker A:Take a look at the top six reasons why our dog is worth going into debt.
Speaker A:Number six.
Speaker A:They always take the blame for our gas.
Speaker A:The dog did it.
Speaker A:Number five.
Speaker A:Someone needs to remind the mailman that he's a piece of.
Speaker A:Whoa, whoa, whoa, whoa, whoa, whoa.
Speaker A:Number.
Speaker A:Number four.
Speaker A:You take your kid's phone away for an hour, she hates you for the rest of your life.
Speaker A:But you permanently remove your dog's man stuff.
Speaker A:He still thinks you're a legend.
Speaker A:3.
Speaker A:Does your wife ever roll over so you can give her a bone?
Speaker A:No.
Speaker A:No, I don't think so.
Speaker A:Number two, Poop bags give you something you can hurl at cyber trucks.
Speaker A:And the number one best reason our dog is worth going into debt.
Speaker A:They're not cats.
