The High Cost of Pet Care: Coping Strategies for Pet Owners

Joy Benson's story highlights the rising costs of pet care, stressing American pet owners financially. From skyrocketing grooming prices to costly surgeries, many are feeling the pinch. Senator Elizabeth Warren blames private equity firms for industry changes, while experts suggest financial strategies to manage pet expenses.

Joy Benson may have a career as an executive personal assistant in Dallas, but her real boss is short of stature, very hairy and enjoys chewing on tennis balls.

His name is Jasper, a Shih Tzu who, at 11 years old, has become the apple of Benson's eye. However, the rising cost of keeping him healthy is becoming overwhelming.

Recent data demonstrates that Americans spent $147 billion on their pets in 2023, driven largely by private equity firms consolidating the veterinary industry, as noted by Senator Elizabeth Warren. Amidst this financial stress, experts suggest strategies like pet insurance, savings accounts, and community resources to help manage these soaring expenses.

(With inputs from agencies.)